Accelya to Buy Farelogix in Airline Tech Rollup
Skift Take
Vista, the investor behind this merger of airline tech vendors Accelya and Farelogix, is no private equity tourist. The firm has committed tens of billions to technology businesses, and it shows signs of having the wherewithal to grow Accelya into a long-term player in airline tech services.
Accelya, an airline services tech company, has agreed to buy Farelogix, an airline technology vendor.
The companies didn't reveal deal terms, or the price that asset manager Sandler Capital Management accepted for selling its ownership stake.
Accelya, based in Barcelona, booked about $200 million in revenue last year, mostly for services to airlines. It provides financial, commercial, and analytics tools to more than 200 carriers. Farelogix, which helps about 25 airlines including American Airlines and Lufthansa sell and distribute plane tickets and related products, made $42 million in revenue in 2018, the last year it revealed a figure.
Travel technology company Sabre had attempted to buy Farelogix for $360 million but the UK Competition and Markets Authority blocked the deal in April, alleging antitrust issues. Sabre gave up its pursuit later that month, as the transaction became one of several deals fallen victim to the pandemic's hit to travel sector revenues.
Vista's Lo
