Amadeus has acquired B2B payments specialist Voxel for approximately €118 million.
Spain-based Voxel provides electronic invoice and B2B payments services to travel suppliers including hotels.
The acquisition supports “Amadeus’ vision to deliver a smooth travel payment experience. It will also complement Amadeus’ payments business, Outpayce, by enhancing its existing travel sellers’ product suite, while expanding in the hospitality segment,” the company said in statement.
Amadeus unveiled its Outpayce payments business just over a year ago and applied to the Bank of Spain for an e-license covering Europe at the time.
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Amadeus added that the addition of Voxel also widens the range of payments services it offers to travel sellers as well as increased automation of the invoice process.
Decius Valmorbida, president of travel for Amadeus, said, “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. 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.”
Àngel Garrido, CEO of Voxel, added, “The combination of our technology, teams, strong cultural fit and our connections will no doubt bring us one step closer to smoother travel payments.”
A statement regarding the acquisition on the Spanish stock exchange website said Voxel had revenue of €18 million in 2023.
David Doctor, CEO of Outpayce, said, “Since the inception of Outpayce, Amadeus’ payments business, the focus has been to strengthen the current end-to-end offering as well as develop an integrated payment ecosystem to which travel companies can connect and access the latest fintech innovations. The acquisition of Voxel allows us to do both. I’m very proud to mark another milestone in our journey to deliver frictionless travel payments. I look forward to working closely with the Voxel team.”
The acquisition of Voxel is Amadeus' second this year, with the company announcing it was acquiring biometrics specialist Vision-Box at the end of January.