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Accelya to acquire Farelogix
Following an aborted takeover over by Sabre Corp., airline tech solutions company Farelogix has found another suitor.
Spain based Accelya has penned a definitive agreement to acquire Farelogix.
"The industry we serve is facing an unprecedented set of challenges requiring increased agility and integration. Our acquisition of Farelogix will enhance our capability," said Accelya CEO John Johnson.
Accelya offers settlement and various business solutions tools for airlines, travel agents and industry groups such as IATA.
The acquisition will extend the reach of the next-gen retailing and NDC solutions provided by Farelogix into broader markets including low cost carriers.
Accelya has more than 200 airline customers and the acquisition will give it an end-to-end suite of solutions including retailing, distribution, and fulfilment.
"This acquisition represents a tremendous opportunity for Farelogix and Accelya to accelerate innovation in technologies," said Farelogix CEO, Jim Davidson.
The deal is expected to close in the summer.
After completion Accelya and Farelogix will continue operating as separate businesses.
No financial details were disclosed.
Accelya has moved for Farelogix just weeks after Sabre pulled out of a $360million deal after the UK’s Competition & Markets Authority blocked the deal on anti-competitive grounds.
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