Travel technology provider Accelya has reached an agreement to acquire Farelogix, less than two months after a planned acquisition of Farelogix by Sabre fell apart amid regulatory challenges.
Pending regulatory approvals, Accelya and Farelogix expect the deal, the terms of which were not disclosed, will close this summer, and it will give Farelogix a larger scale for operations. Barcelona-based Accelya reports more than 2,800 employees around the world and more than 200 airline customers for its services, including technology for commercial planning, sales and distribution management and financial reconciliation and settlement. Miami-based Farelogix, which specializes in airline retailing, distribution and merchandizing, has about 300 employees and about 25 airline customers.
"Our focus on delivering high performance, [passenger service system]-agnostic technology that can drive revenue, increase brand loyalty, and reduce costs is strategically aligned with the Accelya vision and directly addresses the needs of all airlines," Farelogix CEO Jim Davidson said in a statement. "This acquisition represents a tremendous opportunity for Farelogix and Accelya to accelerate innovation in technologies for airline retailing, commerce, order management, and financial settlement."
In particular, the acquisition will give Farelogix a broader reach for its tools on next-generation retailing and its tools incorporating the International Air Transport Association's New Distribution Capability standards to Accelya's client portfolio of low-cost carriers recovering from the Covid-19 crisis, according to a spokesperson. Accelya, meanwhile, aims "to deliver an integrated offer-to-settlement platform and provide innovative solutions and greater choice for airlines worldwide" with the acquisition of Farelogix, according to Accelya CEO John Johnston.
In early May, Sabre and Farelogix scrapped a merger agreement after more than a year of trying to clear regulatory hurdles.