Farelogix has found itself with a potential new owner in the shape of Accelya, a leading provider of airline revenue management and logistics technology.
The agreement to buy the US-based Farelogix and its airline commerce and retailing system is subject to regulatory approvals, but is expected to be sealed over the course of this summer.
Accelya has pounced to buy Farelogix just six weeks after Sabre pulled out of an existing plan to acquire the company, first announced in November 2018 for US$360 million.
Terms of the new acquisition of Farelogix have not been disclosed. Accelya hopes the deal to buy Farelogix will accelerate its vision to provide a “next-generation, end-to-end platform” for its existing and new airline customers.
It currently has a substantial position in airline IT on the revenue management, business intelligence and analytics side of the aviation world, covering both passenger and cargo operations.
Full Content: Tech Freedom
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
