Sabre Corp Completes Abacus Acquisition for $411M

Sabre Corporation announced that it has completed the acquisition of Abacus International, the leading global distribution system (GDS) in the Asia-Pacific region.

Sabre previously owned 35% of Abacus, acquired the remaining portion for net cash consideration of $411 million. It has also signed an agreement to acquire Abacus national marketing company, Abacus Distribution Systems (Hong Kong).

The acquisition includes new long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus with Sabre.

Abacus serves more than 100,000 travel agents across the Asia-Pacific region’s 59 markets and has both global and uniquely local relationships with airlines and hotels, including the leading portfolio of low-cost airline content and Chinese airline content.

Sabre President & CEO Tom Klein commenting about the acquisition said, “The addition of Abacus further strengthens Sabre’s leading position in the fast-growing Asia-Pacific region. Our ability to combine Sabre’s strong global technology platform capabilities with Abacus’ deep local market expertise will provide Asia-Pacific airline, hospitality and travel agency customers with unprecedented innovation and service options. It also makes us an ideal technology partner for global customers seeking to grow and expand in Asia-Pacific.”

Sabre Corporation is a leading technology provider to the global travel and tourism industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotels to manage vital operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre also operates the world’s leading travel marketplace, processing more than $110 billion of annual travel spend. Headquartered in Southlake, Texas, USA, Sabre operates in approximately 60 countries around the world.

Similar Read:  What Every CEO with a Millennial Sales Force Should Know
Category