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Amadeus has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector. The other 50 percent of Rumbo will continue to be owned by Telefónica, the Spanish telecommunications company. Orizonia and Telefónica have applied to the EU competition authority for approval of the agreement; the authority is expected to give its judgement within approximately four weeks.
Madrid, Spain, 30, January 2008: Amadeus, a global leader in technology and distribution solutions for the travel and tourism industry, has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector. The other 50 percent of Rumbo will continue to be owned by Telefónica, the Spanish telecommunications company. Orizonia and Telefónica have applied to the EU competition authority for approval of the agreement; the authority is expected to give its judgement within approximately four weeks.
“We are very pleased with the acquisition of Rumbo and the alliance with Telefonica which it implies,” comments Gabriel M. Subías, CEO, Orizonia Corporación. “This is a very important step in the consolidation of our new online division and we are very proud to now be working with Rumbo on this exciting project.”
“Rumbo has been extremely successful from the beginning, and is now one of the leading online travel agencies in Spain, Portugal and Latin America,” says Philippe Chérèque, Senior Vice President, Corporate Strategy, Amadeus. “But for some years now, Amadeus has been consolidating its online travel agency interests around Opodo, and, while we see a bright future for Rumbo, we consider that now is a good time to hand over the company to new owners so that they can grow it further.”
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Notes to the editors
Amadeus is the chosen technology partner for providers, sellers, and buyers of travel. The company provides distribution, IT and point-of-sale solutions to help its customers adapt, grow and succeed in the fast changing travel industry. Customer groups include travel providers (airlines, hotels, car rental companies, railway companies, ferry lines, cruise lines, insurance companies and tour operators), travel sellers (travel agencies) and travel buyers (corporations and travellers). Solutions are grouped in four solution categories – Distribution & Content, Sales & e-Commerce, Business Management and Services & Consulting.
Amadeus has central sites in Madrid (corporate headquarters & marketing), Nice (development) and Erding (Operations – data processing centre) and regional offices in Miami, Buenos Aires and Bangkok. At market level, Amadeus maintains customer operations in 76 countries covering more than 215 markets.
The company is majority owned by WAM Acquisition, whose shareholders are BC Partners, Cinven, Air France, Iberia and Lufthansa. Amadeus employs over 7,600 employees worldwide, representing 95 nationalities. Amadeus’ revenue for the six months year ended 30 June 2007 was EUR 1,534.1 million.
More information about Amadeus is available at: www.amadeus.com
Orizonia Corporación is a leading Spanish company in the tourism sector, created in July 2006 with the integration of the issuing division of Iberostar.
It develops five major areas of business: wholesale division (Iberojet-Solplan-VivaTours-Cóndor-Turavia), consumer division (Viajes Iberia), airline (Iberwold-Orbest), online(viajar.com), y cruises (Iberocruceros).
The company is present in 14 countries, with revenues of over EUR 2,400 million, a network of 700 points of sale, 4,2000 employees and more than 2.2 million clients in 2007.
More information about Orizonia Corporación is available at: www.orizonia.com
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