Accelya gets regulatory approval to buy Farelogix and completes the acquisition.
Accelya have been given regulatory approval and concluded their acquisition of Farelogix. T2RL believed that approval would be granted. The reality is this was completed quickly. This reduces uncertainty and provides customers with comfort after the period of uncertainty following the failure to secure regulatory approval of the CMA of the UK by Sabre for the transaction following a successful judgement in the US.
BARCELONA, Spain--(BUSINESS WIRE)--Accelya, a leading provider of technology solutions to the global airline and travel industry, today announced that it has completed its acquisition of Farelogix, a leading provider of SaaS solutions for airline retailing and New Distribution Capability-enabled commerce. With Farelogix, Accelya will accelerate customers' digital transformations, and will provide a next-generation, end-to-end, Offer-to-Settlement airline commerce platform, including a full suite of innovative retailing, distribution, and fulfillment solutions. To accelerate the delivery of Accelya's next generation platform, the Accelya and Farelogix management teams will be fully integrated, with Farelogix CEO Jim Davidson being appointed Chief Product Officer of the newly expanded Accelya Group. The current Farelogix team will continue to operate from Miami, further expanding Accelya's presence in North America. "With the acquisition of Farelogix complete, we can now focus our efforts on delivering an integrated Offer-to-Settlement platform that drives revenue, increases brand loyalty, and reduces costs for airlines worldwide," said John Johnston, Chief Executive Officer of Accelya. "Accelya is growing its global footprint and capabilities, welcoming over 300 skilled Farelogix employees while strengthening our leadership team in critical roles. We look forward to working with the talented Farelogix team to deliver on our shared vision." Jim Davidson added, "There has never been a greater need in our industry for creativity, rapid innovation, and new technology choices for airlines as they work through this time of COVID-19, recovery, and the future of airline retailing. We have had tremendous interest and support from across the industry and with the completion of the acquisition by Accelya, we can execute our vision to deliver these essential, pro-airline solutions needed by our current and future airline customers." Accelya's leadership in financial, back-office settlement, and revenue management together with Farelogix's proven solutions for NDC and offer/order management can realize the vision of a new airline commerce platform spanning the entire lifecycle from offer to settlement. Together, Accelya and Farelogix are uniquely positioned to accelerate innovation across the full spectrum of current and future industry processes, providing airlines with flexibility and choice as to how and when they adopt new retailing strategies.