Total transaction value of US$41.2 million
02 December, 2014 – TORONTO, ON – GuestLogix Inc., a leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, today announced that it has entered into an agreement to acquire OpenJaw Technologies, the leading online technology partner to the world’s biggest travel brands. The total transaction value is US$41.2 million, plus performance considerations and certain adjustments.
GuestLogix provides advanced retail and payment technology solutions for travel operators, used onboard aircraft or other modes of transportation, through attendant-driven models as well as self-service retail models (inflight entertainment and connectivity solutions). The Company also provides its solutions in the off-board space through: self-service kiosk systems, mobile solutions and via staff in airport lounges.
The OpenJaw t-Retail Platform broadens GuestLogix’ ancillary revenue-focused service offerings and extends its reach to include all travel touch points (home, transfer, airport, onboard, hotel and elsewhere in destination) and all major verticals.
“With industry experts forecasting ancillary revenue in the airline industry alone to grow by an additional $130 billion by the year 2020, we recognize that there is an insatiable to unilaterally support ancillary revenue initiatives across a travel company’s entire operation”, said Brett Proud, President & CEO of GuestLogix. “The fusion of GuestLogix’ talent and best-in-class technology with the exceptional counterparts that reside within OpenJaw, puts us on an elevated growth trajectory.”
In the future, the combination of GuestLogix and OpenJaw will create an end-to-end ancillary revenue and retailing platform supporting all travel verticals from the first point of interaction with the traveler throughout the entire customer journey.
“Like GuestLogix, OpenJaw’s core mission is to enable our customers to become better, more profitable retailers,” said Kieron Branagan, Managing Director, OpenJaw Technologies. “The OpenJaw team has the exciting opportunity to expand our ability to increase retailing performance within all travel verticals as we become an integrated part of GuestLogix.”
GuestLogix’ global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong, and a Product Innovation Lab located in Moncton. With the acquisition of OpenJaw, GuestLogix’ global presence will be extended with offices in Dublin, Galway, Madrid and Kraków.
GuestLogix Inc. (TSX: GXI), is a leading global provider of ancillary-focused merchandising, payment and business intelligence technology to airlines and the passenger travel industry, both onboard and off board. Bringing over a decade of expertise as the industry’s most trusted onboard transaction processing partner to airlines, rail operators, and elsewhere in the passenger travel industry, GuestLogix powers the industry’s growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, inflight entertainment, and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. GuestLogix’ global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London, and Hong Kong. More information is available at www.guestlogix.com.
OpenJaw Technologies Limited is a leading online technology partner of the world’s biggest travel brands. Guided by the OpenJaw four principles of t-Retailing, and leveraging the power of the dynamic travel retailing platform, the t-Retail Platform, OpenJaw is dedicated to helping airlines, and other large travel companies, to become travel retailing innovators. The OpenJaw customer portfolio includes: British Airways, TravelSky, Aeroplan, AIR MILES, Four Seasons Hotels & Resorts, voyages-SNCF.com, and Viajes El Corte Ingles. Founded in 2002, OpenJaw is headquartered in Dublin (Ireland), and has offices in Galway (Ireland), Madrid (Spain), Kraków (Poland) and Hong Kong.
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