Spain’s Amadeus looks to streamline travel payments with Voxel acquisition

Amadeus Acquires Voxel in the Travel Payment Sector:

1. Acquisition Details:
   • Amadeus IT Group, headquartered in Barcelona, has acquired Spanish paytech Voxel. The financial terms of the deal have not been disclosed.
2. 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.
3. Complementary Business:
   • The acquisition is seen as complementing Amadeus’ existing payments business, Outpayce, which provides similar services for the travel sector.
4. Integration Goals:
   • Amadeus aims to enhance its presence in the hospitality industry and deliver a seamless travel payment experience by integrating Voxel’s capabilities.
5. 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.
6. Team Integration:
   • As part of the acquisition, Voxel’s 200-member team will join Amadeus.
7. 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.
8. 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.
9. 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.
10. 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.