(15/03/24) Amadeus has completed its acquisition of Voxel,
an electronic invoice and B2B payment solutions specialist for
travel sellers, hotels, restaurants and other travel-related companies.
Voxel’s Bavel Platform orchestrates an end-to-end
electronic payment process which is used by 50,000+ hotels, 1,000+
tour operators and travel companies, and 3,000+ restaurants and
franchises, across 100 countries.
Founded in 1998 and headquartered in Barcelona,
Spain, Voxel’s 200+ employees have joined Amadeus as part of the
deal.
Voxel’s Bavel Platform orchestrates an end-to-end
electronic payment process which is used by 50,000+ hotels, 1,000+
tour operators and travel companies, and 3,000+ restaurants and
franchises, across 100 countries.
The platform is made up of Bavel Pay, Bavel
Billing and Bavel Procurement, and handles more than 100 million
transactions per year.
Travellers at Don Muang Airport (DMK) in Bangkok, Thailand. Picture by Steven Howard of TravelNewsAsia.com
“Amadeus is truly at the heart of the travel
industry, and we couldn’t be more excited to now be part of the
team,” said Àngel Garrido, CEO, Voxel. “Amadeus is global in
nature, with travel and technology experts working towards a
better door-to-door and connected journey. These attributes,
combined with Amadeus’ deep roots in travel, have resulted in an
unique opportunity for Voxel and Amadeus to grow faster, and
further embed innovative and automated technology; improving not
only the processes for travel sellers but also travel providers.
The combination of our technology, teams, strong cultural fit, and
our connections will no doubt bring us one step closer to smoother
travel payments.”
The acquisition will complement Amadeus’ payments
business, Outpayce, by enhancing its existing travel sellers’
product suite, whilst expanding in the hospitality segment.
The addition of Voxel solutions to Amadeus’
existing offering means access to a wider range of payments
services for travel sellers and a more automated electronic way to
manage invoices for tour operators, TMCs, hotel aggregators, and
hotels.
The acquisition of Voxel will also help Amadeus
better serve its corporate customers by further automating the
business travel experience, from reservation and payments to
expense management.
“The acquisition of Voxel brings a complementary
portfolio of solutions to enrich Amadeus’ end-to-end offering,
leveraging smart technology in order to benefit the wider travel
eco-system and industry,” said Decius Valmorbida, President,
Travel, Amadeus. “Payments are present at every stage of the
travel experience. To make the experience of travel better, it’s
crucial we ensure smooth, integrated and even invisible payments.
We now have a combined team of experts who are passionate about
payments, and a breadth of customers who will now be able to
leverage the power of Voxel and Amadeus together. This is yet
another example of how Amadeus makes travel work better for
everyone, everywhere.”
Financial details of the acquisition have not been
disclosed.
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