Amadeus sells Opodo
Published on Feb 10, 2011
Amadeus IT Holding SA has reached an agreement with AXA Private Equity and Permira Funds, for the sale of 100% of the capital of its subsidiary Opodo Limited. The deal is worth approximately EUR450 million (us$613 million) - 11.7 times Opodo's EBITDA for 2010.
The agreement includes a 10-year commercial agreement between Amadeus, as a provider of GDS services, and Opodo, eDreams and GoVoyages.
The agreement is subject to the approval of the competition authorities.
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