The deal has now received all necessary regulatory approvals in all relevant markets.
The combined offering of the two companies will enable Madrid-headquartered Amadeus to deliver a fully integrated traveller journey, from the moment of booking to arrival at the airport, including border control and boarding.
Vision-Box’s 470 employees, led by founder and CEO Miguel Leitmann, will join Amadeus. Miguel Leitmann will report to Decius Valmorbida, president, Travel, Amadeus, and Vision-Box solutions will become part of Amadeus’ portfolio offering for airports and airlines.
A fast-growing global business with expected revenues of €70m, and an estimated normalised EBITDA of close to €20m in 2023, Vision-Box is partially owned by Keensight Capital, a private equity fund dedicated to pan-European growth buyout investments. Amadeus has acquired privately-owned Vision-Box for an agreed price (EV) of approximately €320m.
