Posted on: 22 March 2019 by Kimberley Young
Amadeus has agreed to acquire passenger automation and self-service bag drop solution specialists ICM Airport Technics for an undisclosed sum.
Headquartered in Sydney, Australia, ICM specialises in the provision of passenger automation and self-service bag drop solutions for customers principally in APAC and Europe. ICM serves around 25 airports and since 2009 has processed more than 75 million bags worldwide.
The companies expect the acquisition to close in Q2 of 2019. The transaction will be cash-financed.
Bruno Spada, head of airport IT at Amadeus said: “Customers continually tell us they need a strategic end-to-end solution in order to answer the evolving operational needs of the airport – they don’t want to have to work with multiple suppliers but rather single providers that can harness the best of the very latest technologies and who ultimately can ‘do it all’: this deal delivers just that,” Spada continued.
“I believe this deal will also accelerate our future innovation capabilities,” he said, suggesting that combining the two “will act as a trampoline for growth for Amadeus and ICM in the coming years ahead.”
Richard Dinkelmann, CEO of ICM said the deal means “we are now in a unique position to offer even better technical solutions to our airline and airport customers.”
As part of the acquisition, approximately 150 ICM employees are expected to join Amadeus. ICM will become part of Amadeus’ Airport IT division, forming part of its Strategic Growth Business customer unit. ICM will retain a local presence close to its customers via offices in both Sydney and Melbourne.
Luis Maroto, President & CEO of Amadeus, says: “The acquisition of ICM is another important milestone for our Airport IT business, as well as for our diversification strategy. It will further increase our presence in a key growth area for us, whilst bringing on board a new team, as well as a suite of products that reflect our drive for innovation. With this acquisition, we aim to simplify a range of complex processes for our airport customers.”