Fastbooking in talks over sale to IHS
IHS Worldwide, owner of the WorldHotels and Trust International hospitality brands, is planning to buy hotel tech company Fastbooking.
Steve Rowley, chairman and CEO of IHS, confirmed the company's plan to acquire the Paris, France-based Fastbooking at the WebinTravel conference in Singapore this week.
Due to a lengthy acquisition process for companies in France, IHS was forced to tell its own and Fastbooking's employees of the proposal over the weekend.
Terms of the deal have not been disclosed.