AMADEUS increases its stake in HIBERUS TRAVEL capital up to 95%

Amadeus announced an increase to 95% of its participation in the capital of Hiberus Travel IO Solutions, a Spanish technology solutions provider for the tourism industry in Zaragoza.

Joost Schuring, Vice President of Amadeus IT Group in the EMEA region: “The development of strong partnerships has always been an important element of Amadeus’s success, and we are pleased to increase our stake in Hiberus Travel, the provider of technology for tour operators, from 24.88% to 95%. The portfolio of Hiberus Travel covers the most diverse needs of modern tour operators. The products of this company will serve as an excellent addition to our solutions, which is also an important part of our overall concept of working with travel-seller sellers around the world.

In our opinion, Hiberus Travel technologies have great value. Thanks to them we can help tour operators and other sellers of tourist services to expand their business. Hiberus Travel will henceforth be known as Travel IMS, an Amadeus company. The company will be able to take advantage of our investments in research and development, which since 2004 amounted to 5.7 billion euros, as well as our vast geography of presence, covering 190 countries.

Hiberus Travel is the best known for its innovative software for storage and resource management called TravelIO, used today by leading tour operators around the world. Previously, Hiberus Travel owned Grupo Hiberus Tecnología, which was part of the Grupo Henneo, which will now own the remaining 5% stake.

Currently, we work with more than two thousand tour operators who form and directly or indirectly sell tourist packages to travelers. Today’s transaction will allow us to offer these customers additional support, so that they can more effectively find the necessary content. In addition, the agreement will allow them to personalize the formation of package products and will further expand the geography of distribution. For more than 30 years we have been developing long-term business relationships based on trust. Today’s acquisition is a vivid confirmation of the fact that we continue this tradition. We look forward to joining our efforts with Hiberus specialists to shape the future of tour operator business around the world.”

For more information, please visit the Travel IMS website, an Amadeus company.

Amadeus is a leading provider of advanced technology solutions for the global travel and tourism industry. Among the company’s clients are providers of services in the sphere of tourism and transportation (airlines, hotels, railway companies, ferry companies, etc.), tourism service sellers (travel agencies and websites) and tourism service buyers (corporations and travel companies).

The company employs around 15,000 people worldwide – in the central divisions of Amadeus in Madrid (head office), Nice (development center) and Erding (data processing center), as well as in 71 regional commercial organizations in more than 190 countries.

Source – http://www.amadeus.com/

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