Overview
- Amadeus, which announced the deal Wednesday, said the all-cash offer is €1.2 billion with a possible €150 million earn-out.
- The company says IPS will let it link verified digital identity to airline, airport, border, and hotel systems to create more automated passenger flows.
- Amadeus expects the purchase to be earnings-accretive, lift its addressable market to €50 billion, add high single-digit revenue growth, and deliver about €50 million a year in cost synergies.
- The transaction is subject to regulatory approvals and other closing conditions, with completion targeted for mid-2027.
- IPS employs about 3,300 people, serves more than 600 public and private customers, and is owned by Advent International.