M&A Deal Summary

Cendant Acquires Galileo International

On June 19, 2001, Cendant acquired information technology company Galileo International for 2.9B USD

Acquisition Highlights
  • This is Cendant’s 1st transaction in the Information Technology sector.
  • This is Cendant’s largest (disclosed) transaction.
  • This is Cendant’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2001-06-19
Target Galileo International
Sector Information Technology
Buyer(s) Cendant
Deal Type Add-on Acquisition
Deal Value 2.9B USD

Target

Galileo International

Parsippany, New Jersey,
website
Galileo is a provider of travel information and transaction processing solutions for the travel industry.

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Buyer(S) 1

Buyer

Cendant

New York, New York, United States

website

Category Company
Founded 1998
Sector Consumer Services
DESCRIPTION

Cendant Corp. was a collection of business and consumer services companies. Cendant was formed in 1998 between the merger of Hospitality Franchise Systems and CUC International.

DEAL STATS #
Overall 3 of 8
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (New Jersey) 2 of 2
Country () 1 of 1
Year (2001) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-08 Green Flag

Croydon, United Kingdom

Green Flag underwrites its motor breakdown and other insurance business, including warranty and travel insurance.

Sell $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-13 CheapTickets

Honolulu, Hawaii, United States

Cheap Tickets sells airline tickets is an online retailer of discounted airfares. The company buys non-published air fares through contracts with some 40 air carriers and sells them at a discount to the public.

Buy $425M
Mergr

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