Aviation software giant, Sabre Corporation said it will go ahead with the acquisition of Farelogix.
The airline software provider said it has informed the U.S. Department of Justice (DOJ), of its intent to close the deal on August 21, 2019.
The DOJ has been performing a lengthy and exhaustive review of the transaction, of its intent to close the deal on August 21, 2019.
The company said in a statement that under the terms of its timing agreement with Sabre, if the DOJ decides to seek to block the transaction prior to the expected closing date, it must file its complaint in federal court before August 21. Sabre said it is confident in the legal and competitive merits of the acquisition and that the transaction will ultimately be completed.
“We are incredibly excited to close our acquisition of Farelogix so that airlines, travel agents, corporations, and travelers can benefit from the end-to-end next-generation retailing solutions we will be able to deliver. This deal will allow us to provide our airline and agency customers with more and better choices, all while we continue to offer and invest in Farelogix’s current suite of products and services,” said Sean Menke, President and CEO of Sabre. “Over the past nine months, we believe we have done all we can to address the DOJ’s concerns. While we hope the DOJ will ultimately recognize that this transaction is pro-competitive, we are prepared to vigorously defend the deal in court if necessary,” the company said.