HomeAir LineAmadeus buys Vision-Box, a Portuguese biometrics firm, for 320 million

Amadeus buys Vision-Box, a Portuguese biometrics firm, for 320 million

The acquired firm develops recognition technology in airports, airlines and border controls

Luis Maroto, CEO of Amadeus.

The technological Amadeus communicated this morning to the National Securities Market Commission (CNMV) the acquisition of Vision-Box, a Portuguese provider of biometric solutions for person recognition at airports, airlines and border controls. “The acquisition of Vision-Boxwith headquarters in Portugal, will provide new capabilities in the biometric hardware and software environment, adding border control solutions to the Amadeus product line, which now will be able to offer passengers a complete and complex experiencestarting with the reservation until arrival at the airport, passing through border control and boarding,” he said in a statement.

Vision-Box It is participated by the venture capital fund Keensight Capital and closed the last year with a turnover of 70 million euros and an EBITDA of 20 million euros. As part of this acquisition, approximately 470 Vision-Box employees will join Amadeus. The transaction is subject to customary regulatory approvals and is expected to close in the first half of 2024. “Biometrics is a strategic and fast-growing sector, and Vision-Box’s capabilities will allow us to accelerate our growth in this space. With a product line that perfectly complements our existing offering for both airports and airlines, our solutions will now offer a hassle-free journey, from booking to boarding. “This acceleration of our ecosystem approach will bring immediate and tangible benefits to our customers and travelers and will contribute to Amadeus’ goal of being part of an integrated ecosystem that connects the travel sector,” he stressed. Decius Valmorbida, President of Travel at Amadeus.

The technology company is confident in an exponential growth in the use of biometrics in border control. “He Biometrics Research Group The global biometrics industry is estimated to reach $86.1 billion in 2028, up from $47.8 billion expected in 2023. This growth is driven by the travel industry’s growing focus on digitalization to improve the travel experience. , cope with operational pressures and meet regulatory demands.” Houlihan Lokey served as an advisor to Keensight on the transaction.

The purchase of the Portuguese company is the second major acquisition that Amadeus closes in the last six months. The first was announced last June and involved the acquisition of a minority stake in Caphenia, a German producer of sustainable aviation fuel. (SAF for its acronym in English). “The decision is part of a broader commitment to support the industry on its journey towards sustainable travel and will provide Amadeus with greater visibility into the challenges of the sustainable aviation fuels sector, allowing it to further explore the role it can play towards the industry’s goal of net zero emissions by 2050″the company stressed in a statement.

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Source: Cincodias



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