Sabre to acquire Farelogix in $360M deal
Farelogix enabled airlines to directly distribute air tickets partly by bypassing technology middlemen like Sabre and its peers Amadeus and Travelport.
Sabre has entered into an agreement to acquire Farelogix for $360 million.
When Sean Menke, the boss of the Texas-based distribution giant, talked of the company being ready for M&A activity again during the recent Q3 earnings call, he might just have had this acquisition on his mind.
The deal, which has been in discussion for around nine months, was announced this morning with a statement from Menke saying:
"By integrating Farelogix's capabilities into Sabre's leading airline technology platform, we'll be able to offer the innovative and comprehensive solutions that airlines require.
The statement on the acquisition, which is expected to close late 2018 or early 2019, also says full-year revenue for Farelogix is expected to be $40 million.
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