Travel technology developer Amadeus has moved to acquire self-service bag-drop provider ICM Airport Technics for an undisclosed sum.
ICM, which is headquartered in Sydney, Australia, specializes in the provision of passenger automation and self-service bag-drop solutions. Since 2009, ICM’s solutions have processed more than 75 million bags across 25 airports worldwide.
As part of the acquisition, approximately 150 ICM employees are expected to join Amadeus. ICM will become part of the Amadeus Airport IT division, but will retain a local presence with offices in both Sydney and Melbourne.
Amadeus and ICM expect the acquisition to close in the second quarter of 2019. The transaction will be cash-financed.
Bruno Spada, head of airport IT, 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. I believe this deal will also accelerate our future innovation capabilities.”
Richard Dinkelmann, CEO of ICM, said, “By combining ICM’s market-leading self-service and passenger processing solutions with Amadeus’s global reach and complementary product offering, we are now in a unique position to offer even better technical solutions to our airline and airport customers. We are excited about the future, as we share similar values such as strong innovation, reliability, and an uncompromising commitment to improving airport efficiency, as well as passenger safety and security.”
ICM will be exhibiting next week at Passenger Terminal Expo, on March 26, 27 and 28, 2019, in London. To read more about what the company will be presenting, read the show news here.