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- Amadeus completes acquisition of Vision-Box
Transaction receives all necessary regulatory approvals
Deal closure means that Amadeus expands presence in biometrics by acquiring a leading provider of biometric solutions for airports, airlines, and border control customers
Today Amadeus announces it has completed the acquisition of Vision-Box, a leading provider of biometric solutions for airports, airlines, and border control customers.
The deal has now received all necessary regulatory approvals in all relevant markets.
The combined offering of the two companies will allow Amadeus to deliver a fully integrated traveler journey, from the moment of booking to arrival at the airport, including border control and boarding.
Vision-Box’s Founder and CEO, Miguel Leitmann, will now join Amadeus, together with its 470 employees. Miguel Leitmann will report to Decius Valmorbida, President, Travel, Amadeus, and Vision-Box solutions will become part of Amadeus’ portfolio offering for airports & airlines.
Vision-Box, a fast-growing global business with expected revenues of €70 million, and an estimated normalized EBITDA of close to €20 million in 2023, is partially owned by Keensight Capital, a private equity fund dedicated to pan-European Growth Buyout1investments. Amadeus has acquired privately-owned Vision-Box for an agreed price (EV) of approximately €320 million.
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(1)Growth Buyout: investment in profitable, private companies experiencing strong growth, in minority or majority positions, with or without leverage, using a flexible approach tailored to the needs of individual entrepreneurs, in order to finance organic growth projects, acquisition strategies or provide historic shareholders with liquidity.
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