Travelport Worldwide Acquires Mobile Travel Technologies - Quick Facts

(RTTNews) - Travelport Worldwide Limited (TVPT) announced it has acquired Mobile Travel Technologies Ltd, a private company based in Dublin, Ireland. Mobile Travel Technologies is a mobile travel platform and mobile technology provider for airlines and travel companies with an extensive customer base across the global travel industry. MTT clients include Singapore Airlines, LATAM Airlines Group, easyJet, Saudia, BCD Travel, transavia.com of the Air France KLM Group and Flybe.

In connection with the transaction, Travelport issued grants totalling 14.4 million euros to 28 MTT executives, to be paid in the first quarter of 2018 in Travelport common shares based on MTT performance targets and other terms and conditions. Assuming all of the awards are earned and paid, Travelport would deliver approximately 1,152,086 common shares to MTT executives in 2018.