Serko Expands in North America with Sabre Acquisition
Serko Ltd. (SERKF) has released an update.
Serko Ltd. is set to enhance its North American footprint by acquiring Sabre’s business travel management solution, GetThere, for $12 million, aiming to become the second-largest online booking tool provider in the region. This strategic move, part of a broader partnership with Sabre, will see both companies co-investing in new travel technology capabilities, positioning Serko for significant growth in the $400 billion North American managed travel market. Additionally, Serko plans to accelerate investment in its products and technology to drive innovation and value for partners and customers.
For further insights into SERKF stock, check out TipRanks’ Stock Analysis page.
TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions.