ASIA Travel Tips.com
Thu, 2 July 2016

Sabre Completes Abacus Acquisition

Sabre has completed its acquisition of Abacus International, an Asia Pacific-based global distribution system (GDS).

ďThe addition of Abacus further strengthens Sabreís leading position in the fast-growing Asia Pacific region,Ē said Sabre President & CEO Tom Klein. ďOur ability to combine Sabreís strong global technology platform capabilities with Abacusí 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.Ē

Abacus serves more than 100,000 travel agents across Asia Pacificís 59 markets and has both global and uniquely local relationships with airlines and hotels, including a portfolio of low cost airline content and Chinese airline content.

Sabre, which previously owned 35% of Abacus, acquired the remaining portion for net cash consideration of $411 million.

Separately, the acquisition includes new long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus with Sabre.

The acquisition, including associated working capital adjustments and cash acquired, was financed through cash on hand, augmented by revolver borrowings of $70 million.

Sabre has also signed an agreement to acquire Abacus national marketing company, Abacus Distribution Systems (Hong Kong). 

See other recent news regarding: Interviews, Pictures, Videos, Sabre, Abacus

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