The United Kingdom rivalry watchdog is investigating the acquisition of Farelogix by Sabre

Farelogix

Britain’s competition watchdog on Monday started an investigation into United States travel technology supplier Sabre Corp’s < SABR.O > $360 million acquisition of smaller competitor Farelogix Inc, claiming that the agreement could increase the prices of airline and travel agent platforms to sell tickets.

The inquiry by the United Kingdom Competition and Markets Authority follows an original evaluation of the agreement by the regulator last month and arrives two weeks after the US Department of Justice sought to block the merger, increasing pressure on businesses to cancel the merger.

Sabre and Farelogix provide information technology systems that enable travel agencies to book hotels and airlines.

“We discovered that the suggested acquisition of Farelogix by Sabre could lead to greater prices for IT systems used by airlines & travel agents …, “said the rivalry watchdog of the United Kingdom, saying that it had referred the agreement “for a thorough inquiry.”

Sabre, who intended to close the merger by 21 August last month, expanded the acquisition agreement’s termination date to 30th April to allow time to resolve any problems.

Sabre said on Monday that it observed the CMA’s actions and the firm worked “constructively” with the power to prove the advantages of the agreement for airlines, travel agents and customers.

It was stated by Sabre “The agreement will speed up access to retail, distribution and services of the next generation that the industry requires.”

Southlake, Texas, reported earnings of $3.9 billion (3.18 billion pounds) in 2018, while Farelogix, located in Miami, reported income of $42 million last year.

Sabre Corporation is one of the world’s top tech provider to the global traveling industry.

Sabre’s data, software, mobile, as well as, distribution solutions are being utilized by masses of hotel properties and airlines to manage and control evaluative operations.

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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