MADRID, April 23, 2015 /PRNewswire/ -- Amadeus' Airport
IT business has firmly established itself in the North American
region with the acquisition of AirIT, previously wholly-owned by
Fraport AG. It is the second acquisition of well-established
airport industry players for Amadeus in the past 15 months.
With this acquisition Amadeus significantly expands its presence
and its capabilities to serve the North American market, a key
region for the airport IT sector. AirIT's solutions are used
by 30 of the top 50 busiest airports in the US including
Atlanta, Dallas, Los
Angeles, Miami, and
Charlotte. AirIT uniquely
complements Amadeus' business with a strong customer base that
encompasses more than 115 airlines and 120 airports predominately
in the US, Canada, and the
Caribbean.
Airports often seek property and revenue management systems in
conjunction with airport management systems. This acquisition
will allow Amadeus to be more responsive to those customer needs
outside of North America by
combining its existing airport management solutions with the AirIT
PROPworks® portfolio, a highly configurable, scalable
property and revenue management solution for airports of all sizes
that allows for management of contracts, invoices, sales, tenants
and more. PROPworks® is already used by four of the five
busiest airports in the United
States.
John Jarrell, Head of Airport
IT for Amadeus, said: "As the pace of recovery picks up over
the next few years, the North American market, already the biggest
airport IT market in the world, will represent an enormous
opportunity for growth. With this acquisition, Amadeus accelerates
the expansion of its Airport IT business in the region, gaining
both a solid customer base and a highly experienced team, to
provide innovative solutions to our customers."
"We look forward to joining the Amadeus team," said Betros
Wakim, CEO of AirIT. "We share a similar culture of innovation.
This fact is exemplified in our passenger processing solutions.
Amadeus' Airport Common Use Service solution and the AirIT EASE
platform both demonstrate industry-defining contemporary approaches
to delivering airline common use. There are clearly dynamic
synergies between the two companies, which will further enhance our
ability to deliver complete end-to-end solutions to our respective
customers globally. With our combined offerings, expertise, and
infrastructure, we believe that we will have the opportunity to
serve our customers even better."
As a result of the transaction approximately 70 employees,
including AirIT's management team, will become part of Amadeus'
Airport IT business.
Notes to the editors:
Fraport AG – which ranks among the world's leading
companies in the global airport business – offers a full range of
integrated airport management services and boasts subsidiaries and
investments on five continents. In 2014, the Fraport Group
generated sales of €2.4 billion and profit of about €252 million.
The company is listed on the Frankfurt Stock Exchange (share
symbol "FRA") and is a component of the MDAX German
index.
Last year more than 108.5 million passengers used airports
around the world in which Fraport has more than a 50 percent stake.
At its Frankfurt Airport (FRA) home base, Fraport welcomed
about 60 million passengers and handled some 2.2 million metric
tons of cargo (airfreight and airmail) in 2014. FRA's Global
route network features 104 passenger airlines serving 297
Destinations in 104 countries during the current 2015 Summer
Timetable. More than half of FRA's destinations are
intercontinental (beyond Europe) –
underscoring Frankfurt's role as a
leading hub in the global air transportation system. In
Europe, Frankfurt Airport ranks
first in terms of cargo tonnage and is the third-busiest for
passenger traffic. With about 55 percent of all passengers using
Frankfurt as a connecting hub, FRA
also has the highest transfer rate among the major European
hubs.
Amadeus is a leading provider of advanced technology
solutions for the global travel industry. Customer groups include
travel providers (e.g. airlines, hotels, rail and ferry operators,
etc.), travel sellers (travel agencies and websites), and travel
buyers (corporations and travel management companies).
The Amadeus group employs around 10,000 people worldwide, across
central sites in Madrid (corporate
headquarters), Nice (development) and Erding (operations), as well
as 71 local Amadeus Commercial Organisations globally.
The group operates a transaction-based business model.
Amadeus is listed on the Spanish Stock Exchange under the symbol
"AMS.MC" and is a component of the IBEX 35 index.
To find out more about Amadeus please visit www.amadeus.com, and
www.amadeus.com/blog for more on the travel industry.
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SOURCE Amadeus
