Sabre Completes Acquisition of the Trust Group; Transaction Expands Sabre’s Hospitality Customer Base by 30 Percent
January 14, 2016 9:31am
Acquisition creates unmatched set of hospitality solutions and services,and expands Sabre’s hospitality business in EMEA and Asia Pacific
SOUTHLAKE, Texas – Jan. 14, 2016 – Sabre Corporation (NASDAQ: SABR) today announced that it has completed its acquisition of the Trust Group, including Trust International, InnLink and Nexus. With this acquisition, Sabre Hospitality Solutions expands the portfolio of hotels it serves by more than 30 percent, totaling approximately 32,000 worldwide.
A leading global central reservation, revenue management and hotel marketing provider, the Trust Group serves independent and small-to-mid-size chain hotels and has a strong presence in Europe, Africa and Asia-Pacific.
“The success of Sabre and Trust is based on our ability to deliver mission-critical technology solutions to help our customers achieve their revenue, operational and guest experience goals,” said Tom Klein, president and chief executive officer of Sabre. “Together, we will help transform the hospitality industry through a combined SaaS platform offering the scale, depth and breadth that hoteliers of all sizes need for the future.”
The Trust Group’s broad capabilities and unique solutions along with its strong customer base in EMEA and Asia Pacific will help accelerate Sabre’s global growth in the hospitality sector and strengthen its position in these key markets.
Sabre Corporation is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than $120 billion of estimated travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
Contact: For Media - Heidi Castle
Contact: For Investors - Barry Sievert
Certain statements in this release are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “will,” “expect,” “may,” “anticipate” or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. The potential risks and uncertainties include, among others, the closing, integration and effects of the acquisition described in this release, dependency on transaction volumes in the global travel industry, particularly air travel transaction volumes, adverse global and regional economic and political conditions, including, but not limited to, conditions in Venezuela and Russia, dependence on maintaining and renewing contracts with customers and other counterparties, exposure to pricing pressure in the Travel Network business, dependence on relationships with travel buyers, changes affecting travel supplier customers, travel suppliers’ usage of alternative distribution models, and competition in the travel distribution market and solutions markets. More information about potential risks and uncertainties that could affect our business and results of operations is included in Part I, Item 1A, “Risk Factors” in Sabre’s Annual Report on Form 10-K for the year ended December 31, 2014, in “Risk Factors” in Part II, Item 1A of Sabre’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015, in “Risk Factors” included as an exhibit to Sabre’s Current Report on Form 8-K filed on November 4, 2015, and in subsequent public statements or reports we file with or furnish to the Securities and Exchange Commission. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, Sabre undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.
Sabre Teams up With Cendyn to Enhance the SynXis Platform With Advanced CRM Capabilities
A Hotelier's Guide to the Top Social Platforms in Asia-Pacific
Concierge Connoisseur Karen Clancy Joins ALICE in Building a World-Class Concierge Technology Sales Team
Security Issue at Sabre Affects Rosewood Hotel Group Guests' Payment Card Information
How a Small Guest Services Team Delivers Five-Star Service
Closing Out 2017, North American Hoteliers See Solid Gains in Rates and Bookings
5 Essential Things to Know About Your Customers, and How You Can Use Them
Amsterdam Manor Beach Resort Improves Staff Communication by Over 60%
2018 Digital Marketing Plan & Budget Guide for Hotels
Sabre Launches First AI-Powered Business Intelligence Solutions for the Hospitality Industry
Launch of FCS Analytics Provides Hoteliers with Total Business Intelligence Solution
Global Business Travelers Identify Top Challenges They Face on the Road
Agilysys Executives to Participate on Gaming Industry Panels at G2E 2017
IBC Hospitality Technologies Launches Website Redesign
ALICE Raises $26 Million Series B Funding from Expedia, Inc.
GuestTek Appoints James Jessel as Vice President, Sales - Americas
SHR Buys European Firm Cross-Tinental
Blockchain: Beyond the Hype
Pegasus Solutions Completes Infrastructure Upgrade
Sabre Names Clinton Anderson as President, Hospitality Solutions
Please login or register to post a comment.