Cendant Corporation Subsidiary Galileo to Acquire Danish Distribution Partner
Cendant Corporation announced today that, Galileo International
has acquired Galileo Danmark, its distributor in Denmark, from Maersk Data.
The terms of the transaction were not disclosed and the purchase price is not material to Cendant. The consideration paid was in the form of cash.
Located in Copenhagen, Galileo Danmark is the sole distributor of Galileo’s services and products throughout Denmark. It is now a wholly owned subsidiary of Galileo International which itself was acquired by Cendant in October 2001 as part of Cendant’s entry into travel distribution services on a global basis. The acquisition of Galileo Danmark further extends Galileo’s Danish operations following the acquisition earlier in the year of Travelware Group, a major supplier of software solutions to the Scandinavian and European travel trade.
, executive vice president and managing director of Galileo’s EMEA region, commented:
“This acquisition enables us to take advantage of the tremendous opportunities in the Danish marketplace and add greater value for our customers through the tighter integration of Galileo Denmark with our global product development, support and marketing teams. By combining the knowledge and in-depth understanding of the local market with the resources of our global organisation, Galileo Danmark is now well placed to respond quickly to changing customer requirements and market dynamics.”
Over the last 12 months, Galileo has made significant investments in Scandinavia that support the company’s ambitions for the Danish market. It recently completed the deployment of electronic ticketing with SAS taking the total to 13 carriers offering this functionality in the region through the Galileo system. Galileo SpecialAgent?, a multi-language corporate self-booking tool aimed at small and medium enterprises is available in Danish as well as Swedish and Norwegian. Combined with the company’s purchase of Travelware, which will continue to develop products focused on process automation and mid-office solutions for travel management companies, Galileo is now well placed to grow aggressively in the Danish market.
The transaction is effective immediately and no additional details will be disclosed.
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(09/09/2002) Galileo to Acquire Irish Distribution Partner
(29/08/2002) Galileo Launches Tool for Travel Agents