Amadeus Acquires Voxel in the Travel Payment Sector:
- Acquisition Details:
- Amadeus IT Group, headquartered in Barcelona, has acquired Spanish paytech Voxel. The financial terms of the deal have not been disclosed.
- Voxel’s Offerings:
- Voxel, founded in 1998, specializes in electronic invoice and B2B payment solutions for the travel industry through its Bavel platform. It supports payment, billing, and procurement processes.
- Complementary Business:
- The acquisition is seen as complementing Amadeus’ existing payments business, Outpayce, which provides similar services for the travel sector.
- Integration Goals:
- Amadeus aims to enhance its presence in the hospitality industry and deliver a seamless travel payment experience by integrating Voxel’s capabilities.
- Expanded Payments Solutions:
- With the integration, Amadeus plans to offer a broader set of payment solutions to travel sellers, leveraging Voxel’s invoice automation capabilities.
- Team Integration:
- As part of the acquisition, Voxel’s 200-member team will join Amadeus.
- Strategic Benefit:
- The acquisition is expected to create a complementary portfolio of solutions that utilize smart technology to benefit the travel industry, according to Decius Valmorbida, President of Travel at Amadeus.
- Market Growth:
- Voxel’s CEO, Àngel Garrido, sees the acquisition as an opportunity for both companies to grow faster and improve processes for travel sellers and providers.
- Shift4 Payments Rumors:
- Amadeus was recently rumored to be among the potential acquirers of US-based payment processing firm Shift4 Payments. However, Amadeus clarified that it is not interested in that transaction.
- Industry Impact:
- The acquisition reinforces Amadeus’ position in the travel payment sector and aligns with its goal of delivering enhanced payment solutions for the travel industry.
