SOUTHLAKE, Texas and AUCKLAND, New Zealand – In a strategic move to expand its presence in the corporate travel sector, Serko Limited has agreed to acquire GetThere from Sabre (NASDAQ:) Corporation. The acquisition is part of a broader partnership that includes collaborative development and investment efforts aimed at enhancing product capabilities and market reach.
The deal, subject to customary closing conditions, will see Serko take ownership of GetThere, a business travel management solution historically serving large and complex managed travel corporations. This acquisition is expected to complement Serko’s existing operations in North America and support its global expansion efforts. The financial terms of the transaction were not disclosed, but Sabre anticipates that the sale will not significantly impact its financial performance in 2024.
Serko and Sabre’s partnership will focus on minimizing friction for travelers and increasing efficiency for travel management companies…