(MENAFN- Bangladesh Monitor) Texas : Sabre has entered into an agreement to acquire Farelogix, a recognised innovator in the travel industry with advanced offer management and NDC order delivery technology, used by many of the world's leading airlines.
Based in Miami, Farelogix provides a suite of SaaS solutions that enables carriers to dynamically create, control, optimise and deliver personalised and differentiated offers across sales channels.
These airline-controlled retailing, merchandising and distribution capabilities complement Sabre's existing retailing and merchandising solutions and future product roadmap.
"For the past few years, Farelogix and Sabre have worked together with shared customers to implement our complementary technologies to solve some of the industry's toughest challenges. Today's announcement is a natural evolution of the successful, ongoing collaboration between our two companies," said Jim Davidson, CEO, Farelogix.
"Sabre shares our vision for innovation and has the leading technology, resources, and global presence to help us scale our solutions and grow our customer base."
At closing, Sabre will purchase Farelogix for approximately US$360 million, funded by cash on hand and revolver borrowing. Farelogix expects full year 2018 revenue of approximately US$40 million. The acquisition is expected to be neutral to Sabre's 2019 Adjusted EPS.
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in late 2018 or early 2019. Until closing, Sabre and Farelogix will continue to operate as separate businesses with no immediate changes to daily operations.
"Farelogix's investments in offer management and NDC order delivery will help us accelerate our plans to deliver future-ready retailing, distribution and fulfillment solutions that unlock increased value for the industry," said Sean Menke, President and CEO, Sabre.
"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, backed by best-in-class technology and the deep expertise that our teams bring to market."
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