Amadeus Pays $500M For New Hampshire Hotel IT Co.

Law360, New York (December 18, 2013, 5:06 PM EST) -- The U.S. unit of Spanish travel information technology company Amadeus IT Holding SA will pay $500 million for New Hampshire-based NMTI Holdings Inc. and its group of companies, including Newmarket International Inc., it announced Wednesday.

The acquisition of Newmarket, a leading provider of cloud-based and event IT solutions for the hotel industry, by Amadeus’ indirect U.S. subsidiary Amadeus Americas Inc. is part of the company’s strategy of diversifying into new business areas and significantly strengthens its presence in the hotel IT market, a key sector that...
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