Opodo deal announced
Travel technology provider Amadeus has officially announced the sale of its online travel agent Opodo for E500 million.
As reported by Travelmole in January, the buyers are private equity groups Axa and Permira.
Both Permira and Axa already have a stake in the travel industry. The former has money in Spanish OTA eDreams while Axa has invested in French OTA Go Voyages.
Opodo represents around 4% of Amadeus" revenue.
The deal includes an agreement that Amadeus will provide the GDS services for Opodo, eDreams and GoVoyages.
The sale is subject to the approval of the competition authorities.
by Dinah Hatch
Thursday, February 10, 2011