Sabre Corporation recently formalised a strategic agreement to acquire Farelogix, a recognised innovator in the travel industry with advanced offer management and NDC order delivery technology, which is utilised by leading airlines.
Upon its acquisition, Farelogix will allow the company to accelerate delivery of its end-to-end NDC-enabled retailing, distribution and fulfillment solutions.
Miami-based Farelogix provides a suite of SaaS solutions, enabling carriers to 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.
President and CEO, Sabre, Sean Menke declared: “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. 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.”
Through this new development, Sabre anticipates faster innovation in airline IT sphere, which will allow carriers to accelerate their own growth and profitability, while benefiting customers across the travel ecosystem.
CEO, Farelogix, Jim Davidson said: “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. 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.”
Sabre will purchase Farelogix for approximately $360 million, funded by cash on hand and revolver borrowing. Farelogix expects a full-year 2018 revenue of approximately $40 million. The acquisition is expected to be neutral to Sabre’s 2019 Adjusted EPS, and is subject to customary closing conditions and regulatory approvals. It is expected to close in late 2018 or early 2019.