Ever developing its portfolio, Sabre Corporation has inked an agreement to acquire the Trust Group of Companies, a central reservations, revenue management and hotel marketing provider which is present in EMEA and Asia Pacific.
The acquisition will comprise of Trust International, InnLink and Nexus.
Commenting on the news was president and CEO, Sabre, Tom Klein: “Acquiring the Trust Group is consistent with our stated goal of building on Sabre Hospitality Solutions’ global leadership position, and this combination will enable us to grow faster. The Trust Group is one of the industry’s most respected brands, and our customers will benefit from our combined expertise and focus on innovation.”
Trust Group’s global customer base, capabilities and solutions will allow Sabre to provide a comprehensive SaaS platform.
“The technology needs of the hospitality industry are evolving at a rapid pace. Hoteliers want a global technology provider that anticipates their needs and delivers broad, integrated solutions, including data and analytics, retailing and guest engagement,” said president, Sabre Hospitality Solutions, Alex Alt.
“By bringing together Sabre and the Trust Group, we will immediately expand our capabilities and increase the pace of innovation we deliver to the industry. We look forward to welcoming the talented Trust team to Sabre and our journey to deliver unprecedented value to our customers,” Alt further noted.
Forming a major part of its growth strategy, Sabre has been collaborating with hoteliers to redefine technology solutions and service models that are a necessary to boost growth and enhance guest experiences that differentiate brands in all segments of the hospitality industry.
At closing (expected in early 2016), Sabre will purchase the Trust Group from Battery Ventures, a global investment firm, for approximately $154 million. The acquisition is forecast to contribute approximately $40 million of incremental revenue to Sabre in 2016 and to be accretive to Sabre’s Adjusted EBITDA and neutral to its Adjusted EPS, assuming a Q1 2016 closing date.