Travel technology provider, Sabre Corporation announced on Wednesday, 14 August 2019, that it plans on closing Farelogix deal on August 21, 2019.
“We are incredibly excited to close our acquisition of Farelogix so that airlines, travel agents, corporations, and travellers can benefit from the end-to-end next-generation retailing solutions we will be able to deliver. This deal will allow us to provide our airline and agency customers with more and better choices, all while we continue to offer and invest in Farelogix’s current suite of products and services,” says Sean Menke, President and CEO of Sabre.
“Over the past nine months, we believe we have done all we can to address the DOJ’s [U.S. Department of Justice] concerns. While we hope the DOJ will ultimately recognise that this transaction is pro-competitive, we are prepared to vigorously defend the deal in court if necessary.”
According to the company, Sabre first announced the proposed acquisition in November 2018 and has since been working closely with the DOJ to demonstrate their unquestionable value of the transaction to its airline and agency customers, consumers, and the travel ecosystem.
Sabre hopes that by bringing Farelogix onboard, they will be able to drive faster innovation in the dynamic, highly competitive airline technology space, helping airlines accelerate their growth and profitability while better serving travellers.
Sabre believes the transaction will bring needed scale and investment to Farelogix and enable Sabre to accelerate the delivery of the industry’s first end-to-end NDC-enabled solution for the retailing, distribution and fulfilment of travel.
Edited by Jenna Cook
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