Sabre presser on Abacus: More details on $411M deal
Sabre held a conference call with investors and the media to give details on its $411 million acquisition of Abacus International, a global distribution system (GDS) in Asia Pacific.
The deal is subject to regulatory review in a few countries, and that review process will be “straightforward”, the executives said. They’re hoping for an 1 August close, but it may happen as soon as 1 July.
Abacus International itself is only about about 40% of its true staffing and resources. Each of its two dozen key markets has its own national marketing company (NMC), where, typically, the national airline is the majority shareholder. Abacus’s share in each NMC is usually less than 10%.
Sabre expects that Abacus will acquire all or a controlling interest in certain national marketing companies in the Asia-Pacific region.