SOUTHLAKE, Texas, March 1, 2022 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR), a leading software and technology
provider that powers the global travel industry, today announced
the successful closing of the previously-announced agreement to
sell its AirCentre airline operations portfolio to CAE, a
technology leader in digital flight and crew operations.
The transaction, valued at $392.5
million, includes the Sabre AirCentre product portfolio,
related technology and intellectual property as well as the
transfer of AirCentre's highly talented team members from Sabre to
CAE.
The divestiture of AirCentre supports Sabre's effort to
streamline its product portfolio in order to focus more intently on
its ongoing technology transformation as well as plans to identify
and maximize new revenue opportunities for the Company and its
customers.
"Today's announcement marks an important milestone for Sabre as
we take bold steps toward achieving our vision to be held as the
premier global technology platform in travel," said Sean Menke, Sabre CEO. "With the close of this
transaction, Sabre is better positioned for the future and ready to
deliver on the incremental revenue and growth opportunities that
are before us."
About Sabre Corporation
Sabre Corporation is a leading
software and technology company that powers the global travel
industry, serving a wide range of travel companies including
airlines, hoteliers, travel agencies and other suppliers. The
company provides retailing, distribution and fulfilment solutions
that help its customers operate more efficiently, drive revenue and
offer personalized traveler experiences. Through its leading travel
marketplace, Sabre connects travel suppliers with buyers from
around the globe. Sabre's technology platform manages more than
$260B worth of global travel spend
annually. Headquartered in Southlake,
Texas, USA, Sabre serves customers in more than 160
countries around the world. For more information
visit www.sabre.com.
SABR-F
Sabre Contacts:
Media
Kristin Hays,
Senior Vice President, Global Communications
kristin.hays@sabre.com
Heidi Castle, Senior Director,
Global Communications
heidi.castle@sabre.com
Investors
Kevin
Crissey, Vice President, Investor Relations
sabre.investorrelations@sabre.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sabre-closes-sale-of-its-aircentre-airline-operations-portfolio-301492434.html
SOURCE Sabre Corporation