Sabre Corporation, a leading software and technology provider that powers the global travel industry, has successfully closed 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 US$392.5 million (£293 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 maximise new revenue opportunities for the company and its customers.
