Amadeus has agreed to purchase hotel technology provider TravelClick for $1.52 billion. The global travel technology company confirmed the deal Friday.

By acquiring U.S.-based TravelClick from private equity investment firm, Thoma Bravo, Amadeus is poised to significantly expand its presence in the hospitality sector.

The company said the addition of TravelClick’s solutions to its portfolio will "create a hospitality IT leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe."

Amadeus' customers include airlines, hotels, travel agencies and travel buyers. The company was already in the midst of steady growth prior to the purchase. It recently expanded its partnership with Norwegian and has seen more airports adopt its passenger processing technology.

"TravelClick has a great team, great technology and a broad customer base, and we are looking forward to welcoming such a successful business into Amadeus," said Luis Maroto, President and CEO of Amadeus, in a statement. "Our ambition is to provide the hospitality industry with the tools they need to grow their businesses and deliver a great experience to their guests. The combination of our two portfolios will allow us to provide that to hotels of all shapes and sizes across the world."

Amadeus' senior vice president of strategic growth businesses, Francisco Perez-Lozao described the acquisition as a "huge step forward."

"While we have already made strong progress with the large chains, TravelClick gives us access to the mid-chain and independent hotel segment that makes up almost three-quarters of the market," Perez-Lozao said in a statement. "We can now serve the entire industry with a very broad portfolio of solutions and we are looking for significant growth in the years ahead."

Approximately 1,100 TravelClick employees are expected to join Amadeus as part of the acquisition, which is slated to close in the fourth quarter of 2018.