Travelport has entered into an agreement to be acquired by affiliates of specialist technology platform investors, Siris Capital Group and Evergreen Coast Capital Corp.
The transaction is expected to close in the second quarter of 2019 when Travelport would become a privately held company and delisted from the New York Stock Exchange.
Gordon Wilson, president and ceo of Travelport, commented: “Travelport welcomes this proposed transaction with Siris and Evergreen... Throughout the process, Siris and Evergreen have demonstrated their deep technology expertise together with a strong commitment to the success of our customers, employees and partners. We will continue to develop and invest in our platform to serve the changing needs of our customers in the travel industry.”
