(MENAFN) Spanish technology company Amadeus said it will buy airline technology firm Navitaire for USD830 million to boost its position in the low-cost segment, Arab News reported.
The world's biggest processor of travel transactions predicts to complete its acquisition of Navitaire, a subsidiary of US management consulting firm Accenture, in the fourth quarter of 2015.
Navitaire, which offers technology services to airlines in the areas of reservations, loyalty programs and revenue accounting, focuses on the low-cost segment of the airline industry.
"Bringing Navitaire's experience, industry know-how, client base and strong product portfolio is a significant step for Amadeus in the low-cost and hybrid-carrier segments," Amadeus president said.
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