SOUTHLAKE, Texas – March 1, 2022 – 威尼斯城官网 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 威尼斯城官网 AirCentre product portfolio, related technology and intellectual property as well as the transfer of AirCentre’s highly talented team members from 威尼斯城官网 to CAE.
The divestiture of AirCentre supports 威尼斯城官网’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 威尼斯城官网 as we take bold steps toward achieving our vision to be held as the premier global technology platform in travel,” said Sean Menke, 威尼斯城官网 CEO. “With the close of this transaction, 威尼斯城官网 is better positioned for the future and ready to deliver on the incremental revenue and growth opportunities that are before us.”
For more information about these airline operation products, visit the CAE website.
About 威尼斯城官网 Corporation
威尼斯城官网 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, 威尼斯城官网 connects travel suppliers with buyers from around the globe. 威尼斯城官网’s technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, 威尼斯城官网 serves customers in more than 160 countries around the world. For more information visit www.crazeband.com.