Amadeus to Buy Biometric Firm Vision-Box to Boost Border-Control Business
By David Sachs
Amadeus IT said it would buy biometrics company Vision-Box as it aims to augment the company's border-control technology business.
The Spanish travel tech firm said Wednesday that it will buy Lisbon-based Vision-Box for an undisclosed sum and absorb its approximately 470 employees.
"Biometrics is a strategic and fast-growing industry, and Vision-Box's capabilities will allow us to accelerate our growth in this area," Amadeus said.
Vision-Box, which is partially owned by Keensight Capital, is expected to post 2023 earnings before interest, taxes, depreciation and amortization of around 20 million euros ($21.7 million), Amadeus said.
The deal is expected to close in the first half of this year.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
January 31, 2024 09:25 ET (14:25 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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