FRANKFURT, Germany, April 8, 2014 /PRNewswire/ --
Frankfurt-based IHS GmbH, a provider of technology and marketing solutions to the global hotel industry, has announced the acquisition of InnLink LLC, a leading provider of central reservations solutions based in Hendersonville, Tennessee.
The combination enables both companies to leverage their complementary strengths by capitalising on their product, client and market synergies. With the acquisition of InnLink LLC, IHS GmbH also aims to strengthen its position in the attractive US market, building on InnLink LLC's strong client base and proven track record. Financial details of the transaction were not disclosed.
As a result of the acquisition, IHS now operates four business units under its umbrella, serving as a one-stop shop for the global hospitality industry: Next to InnLink LLC, this includes the leading central reservations services provider Trust International; the international hotel group Worldhotels; and the sales management solutions provider Nexus World Services. The company network supports 20,000 hotels in 65 countries, reaching approximately 120 million guests and helping its hospitality customers generate more than $3 billion in room revenue each year.
"InnLink LLC perfectly complements the IHS portfolio", comments Steve Rowley, IHS' Chairman and CEO. "We were particularly impressed by the company's potential for growth, its high level of expertise as well as its world-class product set and services. Together we can offer an enhanced set of solutions to our customers worldwide."
"Becoming a part of the IHS family of brands is a tremendous value-add for all stakeholders" says InnLink CEO Richard Corso. "As InnLink and its clients have grown, so have their business needs. The expertise and resources will surely benefit our clients and staff."
For further information please contact:
Veronika Bahnmann
vbahnmann@ihs-worldwide.com
+49-(0)69-66056-259
Share this article