Sabre to buy Asia GDS

Thursday, 15 May, 2015 0

Sabre has confirmed it plans to buy Asia GDS Abacus International.

Abacus is currently owned by a consortium of 11 Asia Pacific airlines and Sabre itself which has a 35% stake.

Sabre said it will buy the outstanding 65% in Abacus for $411 million in cash.

The purchase includes the long-term distribution agreements of the 11 airline owners of Abacus.

Abacus provides services to more than 100,000 travel agents across the Asia Pacific region.

"We look forward to continuing our long-term business relationships with our former partners in Abacus, and our new agreements will provide benefits and confidence to travel agents throughout the Asia-Pacific region for many years to come," said Greg Webb, president of Sabre Travel Network.

"Abacus currently provides a broad set of services to its customers using a base of Sabre technology.  That, along with deep local market capabilities, will result in a smooth transition for Asia-Pacific customers, who should see the benefits of global capabilities."

Following regulatory approvals, the deal is expected to be finalised in the third quarter of 2015.



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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