Sabre corporation (nasdaqgs:sabr) acquired radixx international, inc. for approximately $110 million.

Sabre corporation (nasdaqgs:sabr) acquired radixx international, inc. for approximately $110 million on october 16, 2019. the purchase price includes the payments to debt holders, using cash in hand. sabre corporation plans to operate radixx international as a standalone subsidiary through its airline solutions business. the acquisition is expected to be accretive over the medium term, but modestly dilutive to sabre's adjusted eps in 2020 due to expected incremental investment in the fast-growing lcc space and sabre expects an immaterial impact to its full year 2019 results from the acquisition. robert w. baird & co. acted as exclusive financial advisor to radixx international, inc. in the transaction. sabre corporation (nasdaqgs:sabr) completed the acquisition of radixx international, inc. on october 16, 2019. rick climan, chris moore, john brockland and logan breed of hogan lovells us llp acted as legal advisors to sabre corporation.
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