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Order HereSabre Corp. has completed theacquisition of Abacus International, the leading global distribution system (GDS) in the Asia-Pacific region. Sabre, which previously owned 35% of Abacus, acquired the remaining portion for $411 million.
The acquisition includes new long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus with Sabre. It also signed an agreement to acquire Abacus national marketing company, Abacus Distribution Systems (Hong Kong).
Sabre president and CEO Tom Klein 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.”
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.
The acquisition, including associated working capital adjustments and cash acquired, was financed through cash on hand, augmented by revolver borrowings of $70 million.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereSabre Corp. has completed theacquisition of Abacus International, the leading global distribution system (GDS) in the Asia-Pacific region. Sabre, which previously owned 35% of Abacus, acquired the remaining portion for $411 million.
The acquisition includes new long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus with Sabre. It also signed an agreement to acquire Abacus national marketing company, Abacus Distribution Systems (Hong Kong).
Sabre president and CEO Tom Klein 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.”
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.
The acquisition, including associated working capital adjustments and cash acquired, was financed through cash on hand, augmented by revolver borrowings of $70 million.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.
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Order HereSabre Corp. has completed theacquisition of Abacus International, the leading global distribution system (GDS) in the Asia-Pacific region. Sabre, which previously owned 35% of Abacus, acquired the remaining portion for $411 million.
The acquisition includes new long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus with Sabre. It also signed an agreement to acquire Abacus national marketing company, Abacus Distribution Systems (Hong Kong).
Sabre president and CEO Tom Klein 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.”
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.
The acquisition, including associated working capital adjustments and cash acquired, was financed through cash on hand, augmented by revolver borrowings of $70 million.
The information on this page may have been provided by a contributor and no guarantees can be made about the accuracy of any content. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same for publication. AIRLINE PARTNERSHIP disclaims all liability arising from the publication of content received from contributors. Please refer to our Disclaimer for more details.