Sabre's $110 Million Deal for Radixx Gives It New Upside in Passenger Services Tech
Skift Take
Sabre's acquisition of Radixx is yet another sign that the travel technology giant is shoring up its competitive position vis-à-vis its rival Amadeus in the lucrative market for selling airlines operational technology.
Sabre, the largest travel technology provider in North America, said on Wednesday it had acquired Radixx, a seller of passenger service systems to small and budget airlines such as FlyDubai, for about $110 million in cash, including payments to debtholders.
Sabre expects Radixx will generate about $20 million of revenue in 2019.
Radixx's flagship product is a passenger service system. This technology helps an airline take bookings on their websites, helps its agents board passengers, and helps it handle other operational tasks.
The market for passenger service systems has consolidated in the past decade. Radixx primarily served low-cost carriers and other small airli
