Sabre to acquire Farelogix for approximately $360M
Sabre announced that it has entered into an agreement to acquire Farelogix, a recognized innovator in the travel industry with advanced offer management and NDC order delivery technology used by many of the world's leading airlines. Sabre expects that upon close, the acquisition will allow the company to accelerate delivery of its end-to-end NDC-enabled retailing, distribution and fulfillment solutions. At closing, Sabre will purchase Farelogix for approximately $360M, funded by cash on hand and revolver borrowing. Farelogix expects full year 2018 revenue of approximately $40M. The acquisition is expected to be neutral to Sabre's 2019 Adjusted EPS. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in late 2018 or early 2019. Until closing, Sabre and Farelogix will continue to operate as separate businesses with no immediate changes to daily operations.