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Amadeus, a global provider of technology and distribution solutions for the travel and tourism industry, has completed the acquisition of TravelTainment, a provider of booking engine technology in the German leisure travel market.
Madrid, 27 September 2006 – Amadeus, a global provider of technology and distribution solutions for the travel and tourism industry, has completed the acquisition of TravelTainment, a provider of booking engine technology in the German leisure travel market. The regulatory authority in Germany, the Bundeskartellamt, approved the transaction on 19 September. TravelTainment currently operates in Germany, Austria, Poland and the UK.
"Amadeus is pleased to be able to support the growth and development of TravelTainment in both existing and new markets," said Philippe Chérèque, Senior Vice President, Corporate Strategy, Amadeus. "This represents another important step in Amadeus becoming a technology provider to the travel and tourism industry, allowing us to help our customers position themselves to face the challenges of the changing leisure travel market."
TravelTainment has been at the forefront of online leisure selling with sophisticated pricing, search and dynamic packaging technology as well as rich content tools for the business-to-consumer travel market.
Ralf Usbeck, CEO of TravelTainment, said, “With Amadeus we have found exactly the right partner for our expansion plans and this new co-operation creates enormous possibilities to enhance our products. Our customers can look forward to our future retail solutions."
"TravelTainment is poised to expand its position across Europe. Being part of Amadeus will allow the company to achieve this goal even faster," added Hans Schreck, Chairman of TravelTainment´s Supervisory Board and General Partner of TVM Capital. "We are thrilled to have been part of turning a German technology start-up into an international high impact company."
The selling shareholders were advised by investment banking firm InterFinanz GmbH & Co. KG, Duesseldorf/Germany.