Shares of Sabre, which is backed by Texas Pacific Group and Silver Lake Partners, gained 41 cents, or about 1.6%, to $25.91 on Thursday.
Sabre currently owns 35% of Abacus, while the rest is owned by a consortium of Asian airline partners. It will purchase the remaining portion of Abacus for net cash consideration of $411 million, the company said in a news release.
Sabre CEO Tom Klein said in the news release that the Asia-Pacific region is the fastest-growing travel market in the world.
With the deal, Sabre continues to gear its operations toward airlines, hospitality and travel groups. In September, the Southlake, Texas, company bought Genares, which develops software to manage hotel reservations systems, marketing and other business functions. The company bought airline data company PRISM in 2012.
Abacus provides data, e-commerce and other services to more than 100,000 travel agents throughout Asia. The company distributes information about airfares and hotel deals, operates booking systems and provides other services to the travel industry. Sabre expects the purchase to boost 2016 sales by $300 million and add $50 million in earnings before interest, depreciation, taxes and amortization.
In addition to Sabre, Abacus' current owners include All Nippon Airways, Cathay Pacific (CPCAY), China Airlines, EVA Airways, Garuda Indonesia, Dragonair, Philippine Airlines, Malaysia Airlines, Royal Brunei Airlines, SilkAir and Singapore Airlines (SINGY).