Travelport ups eNett stake, payment system valued at $450 million with eyes on other industries
eNett is becoming a serious part of the Travelport portfolio, it seems – with it increasing its majority stake in a deal which will see the payment service worth around $450 million.
Travelport has spent the last year or so increasingly talking up its involvement in the eNett business in its quarterly earnings reports as it looks to boost its Beyond Air (areas outside of airline distribution) interests.
A joint venture with payment technology company PSP International, eNett’s ownership structure is now 73% in favour of Travelport.
Travelport was always the majority owner since the company was formed in 2009, but the latest investment in its stake (price not disclosed) shifts it up from its previous holding by 16%.