In a shockwave movement through the Travel Technology sector, Saber Corp., a leading provider of software and services for the global travel industry, announced today that it will be selling its hospitality software platform to Asset Manager TPG for $1.1 billion.
As a result of the agreement, Saber’s stock has jumped 19.41% at the time of this writing, and investors want to capitalize on what appears to be a strategic move for the company to keep debt down and focus on more profitable areas of the business.
The sale of the hospitality software platform is expected to help reduce Saber’s total debt from $4.5 billion (net cash) at the end of December 2024, according to annual submissions. This represents a significant reduction in the debt of the company that has been working to strengthen its financial position over the past year.
The deal also comes as the travel industry faces uncertainty due to fear of the economic recession caused by US President Donald Trump’s sweeping import duties. Many airlines, including Legacy Carrier Delta and Southwest Airlines, have seen their stocks fall in recent months amid concerns about a potential slump in air travel demand.
Despite these headwinds, Saber has been working to diversify its revenue streams through strategic partnerships with key players such as American Airlines and Expedia Group (Expe). The company’s hospitality software platform serves as an integrated record system for bookings and guest information, making it a key component of the global travel ecosystem.
With this sale, TPG will invest in Saber’s Synxis business unit through its US and European private equity platform. The transaction is expected to close by the end of the third quarter of 2025.
Important takeouts:
- Saber Corp.’s shares sold 19.41% to TPG as a result of a $1.1 billion sale of the hospitality software platform.
- The transaction aims to reduce Saber’s total debt from $4.5 billion (net cash) at the end of December 2024.
- The travel industry faces uncertainty due to fear of the economic recession caused by US President Donald Trump’s sweeping import duties.
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