Sabre To Acquire Abacus
Sabre agreed to buy Abacus International, the leading Asia-Pacific global distribution system (GDS) for travel products like hotel and flight bookings, Sabre said in a news release Thursday. Sabre said it had a 35 percent stake in the company and…
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will purchase the remaining portion of Abacus for net cash consideration of $411 million. Abacus will operate as a region of Sabre Travel Network, it said. Sabre expects the acquisition to benefit Sabre Airline Solutions and Sabre Hospitality Solutions, “which already provide mission-critical support to 78 airlines and thousands of hotels throughout the Asia-Pacific region,” it said. “Sabre also will continue its partnership to provide technology services to INFINI, a local Japanese GDS.” The deal is expected to be completed in Q3 and is subject to regulatory approvals and other closing conditions, said Sabre.