EDS INTERNATIONAL BV
EDS en SABRE tekenen miljarden contract in de VS
EDS en SABRE tekenen miljarden contract in de VS
EDS, wereldwijd toonaangevend op het gebied van IT dienstverlening en
SABRE, dat dienstverlening en technologie levert voor de reiswereld,
tekenden dinsdag 13 maart 2001 een drietal overeenkomsten. Hierdoor
wordt EDS wereldwijd de grootste IT-dienstverlener voor de luchtvaart
industrie.
De belangrijkste componenten van deze overeenkomsten zijn:
Aquisitie ter waarde van $ 670 miljoen door EDS van Sabres volledige
luchtvaart-infrastructuur, outsourcing contracten en interne IT
infrastructuur.
Een 10-jarig service contract voor Sabres IT-systemen ter waarde van
$2,2 miljard
Overname van ongeveer 4.200 medewerkers (wereldwijd) van Sabre door
EDS
Een marketingovereenkomst voor het ontwikkelen en marketenvan nieuwe
software en diensten ten behoeve van de reis- en transportsector
Met deze overeenkomst verstevigt EDS haar belangen in de luchtvaart
enorm. Bovendien is deze transactie voor EDS een belangrijke
uitbreiding in het groeiende segment van strategic infrastructure
outsourcing Zowel Sabre als EDS verstevigen hun positie en groeikansen
op de wereldmarkt. Door het gezamenlijk opereren in kunnen Sabres
producten en diensten op het gebied van IT-luchtvaartdiensten
gecombineerd worden met EDS dienstverlening op het gebied van
Information Solutions, Business Proces Management en Management
Consultancy.
Sabre is een toonaangevende leverancier van dienstverlening en
technologie voor de reisindustrie. Haar hoofdkantoor is gevestigd in
Dallas / Fort Worth, Texas. Met bijna 10.000 werknemers verspreid over
45 landen realiseerde zij in 2000 een omzet van $2,6 miljard. Voor
additionele informatie over Sabre kunt terecht u op de internetsite
www.sabre.com
EDS is wereldwijd al meer dan 37 jaar een toonaangevend
IT-dienstverlener. Het bedrijf is actief op het gebied van management
consultancy, electronic commerce, business process management,
systeembeheer en ontwikkeling. EDS stelt zich ten doel
informatietechnologie voor haar klanten in te zetten ter verbetering
van hun bedrijfsprocessen en concurrentiepostitie in de digitale
economie.
EDS is actief in 55 landen en partner voor s-werelds meest
vooraanstaande bedrijven en overheden. In Nederland is EDS ondermeer
gevestigd in Capelle a/d IJssel, Leidschendam, Spijkenisse, Maarssen,
Leeuwarden en Veenendaal. Tot haar Nederlandse cliëntele behoren
bedrijven zoals Aegon, de Nederlandse Spoorwegen, DSM, Rijkswaterstaat
en NUON.
Voor meer informatie kunt u EDS bezoeken op internet www.eds.com of op
www.eds.nl Een uitgebreid persbericht in het Engels is ter informatie
toegevoegd.
EDS
Capelle aan den IJssel, 15 maart 2001
MEDIA CONTACT:
Théda W. Page Whitehead Sabre
(+1) (817) 967-1859
theda.whitehead@sabre.com
Stephen Holder EDS
(+1) (972) 797-9513
stephen.holder@eds.com
EDS and Sabre Sign Multi-Billion Dollar Transaction
Sabre increases focus on core businesses to drive higher growth; EDS becomes the number one IT service provider for airline industry
PLANO, Texas/FORT WORTH, Texas (March 15, 2001) EDS (NYSE: EDS) and
Sabre (NYSE: TSG) today announced the signing of three agreements,
building on both companies strengths and creating a new business model
to better serve the needs of the airline industry, travel agencies,
travel suppliers, and business and consumer travelers.
Key components of the transaction include:
Acquisition by EDS of Sabres airline infrastructure outsourcing
business and internal IT infrastructure assets for $670
million. Sabre will also retain net working capital of $108 million,
bringing the total value of the agreement to Sabre to $778 million.
Sabre awards a 10-year $2.2 billion service contract to EDS to manage
Sabres IT systems;
Agreement between EDS and Sabre to jointly market IT solutions and
services to the travel and transportation industry;
Approximately 4,200 Sabre employees will transition to EDS.
The transaction takes full advantage of both companies'
strengths. Sabre focuses on its core leadership areas of travel
distribution, marketing services and software products, and positions
itself for faster growth and more profitability.
EDS becomes the number one provider of global IT infrastructure
services to the airline industry, adding the strength of carriers like
American Airlines and US Airways to its existing list of premier
airline clients. These clients include Continental, AeroMexico,
Mexicana, British Airways, Virgin Atlantic and America West.
This transaction will expand EDSfootprint in one of the economys
growth segments strategic infrastructure outsourcing. Further, the
transaction produces significant synergies for both EDS and Sabre and
positions both companies for global market growth. The transaction is
subject to customary government approvals, with closing expected by
mid-year.
With the cash proceeds and expected savings from the outsourcing
agreement, Sabre expects the transaction to be slightly accretive to
its earnings for 2001 and accretive in 2002 and 2003.
EDS expects the transaction to be neutral to its earnings per share in
2001, and accretive thereafter. EDS expects significant additional
revenue potential from its strengthened leadership position in the
airline industry, further enhancing the economics of the
transaction.
The transaction combines Sabre's software portfolio and travel
marketing and distribution expertise with EDS' processing scale and
integration capabilities. In joint marketing approaches, Sabre and
EDS will offer airlines new strategic solutions that enhance Sabre's
portfolio of products with EDS' full spectrum of technology, business
process and consulting offerings. Sabre will also be able to increase
R&D investments to develop next-generation applications for travel
agencies, travel suppliers and online travel sites for both consumers
and corporations.
This transaction is a substantial win for EDS shareholders. It
capitalizes on our global IT infrastructure scale and strengthens EDS
position in an industry in which IT spending is estimated at $9-$10
billion this yearsaid EDS Chairman and CEO Dick Brown. This is what
EDS does best managing this kind of business by operating it and
leveraging it through our global technology infrastructure for maximum
efficiency
With this series of transactions, Sabre expects to generate faster
revenue and earnings growth for our shareholders, said William
Hannigan, chairman, president and chief executive officer of
Sabre. We will focus our resources and investments on the high growth
areas of travel marketing and distribution and software products, and
continue to drive fundamental changes in the industry through superior
technology, product development and new marketing services.
As part of the transaction:
EDS will acquire Sabres airline infrastructure outsourcing assets,
resources and contracts, as well as internal IT infrastructure assets,
for $670 million. Sabre will retain net working capital of $108
million. The sale will include Sabres outsourcing contracts with
leading airlines such as American Airlines and US Airways. The
acquired business generated about $600 million in revenues for Sabre
in 2000. The transaction will include all of Sabres data centers and
data management assets and resources -- including its Tulsa, Oklahoma,
data center, one of the largest real-time processing facilities in the
private sector as well as Sabres desktop and mid-range computer
management systems. These assets are used both for Sabres outsourcing
and Web hosting businesses and for transaction processing.
Sabre will retain its core travel marketing and distribution business,
including intellectual property and assets, as well as other
businesses that are highly synergistic to the core business. Those
retained businesses include its applications software products suite,
software intellectual property and reservations hosting business,
which were part of the companys Outsourcing and Software Solutions
business unit, and other emerging business activities.
Sabre will outsource to EDS the management of its IT systems, enabling
Sabre to focus on its core competencies. The agreement is expected to
generate cost savings for Sabre. Projected revenue from this
outsourcing agreement for EDS is valued at approximately $2.2 billion
over 10 years. EDS will provide a full range of IT outsourcing
services to Sabre, including data center management, applications
hosting, selected applications development, data assurance and network
management.
EDS and Sabre will collaborate in marketing efforts, which are
expected to provide both companies access to new customers and
business development opportunities. The agreement will enable Sabre
to further penetrate both the airline and travel marketing
distribution markets. Sabre and EDS will jointly market Sabre]s world
class portfolio of airline software solutions, combined with EDS
global technology capabilities, e-business consulting and channel
development expertise and its A.T. Kearney high-value consulting
practice. As part of the joint agreement, EDS will contribute
approximately $20 million over the next two years for product
development in Sabres software business, in particular to adapt Sabres
airline software portfolio to an Applications Service Provider
model. EDS expects to profit from this investment through a
revenue-sharing agreement.
As part of the joint marketing agreement, EDS intends over time to
merge its airline solutions software portfolio with Sabres. EDS will
continue to develop and operate these products as part of the
outsourcing contract. Additionally, EDS has agreed to move all of its
travel bookings to the Sabre system and will also implement Sabres
GetThere corporate booking platform throughout its organization.
About 4,200 Sabre employees, located mostly in the United States, are
expected to transition into employment with EDS upon closing of the
agreement. Weve run an outstanding infrastructure outsourcing
operation, so our employees will be an excellent addition to the EDS
team,Hannigan said.
EDS has a long history of successfully transitioning employees into
our company said Brown. We welcome Sabre employees to a new career
and new possibilities with EDS.
About EDS: EDS, the leading global services company, provides
strategy, implementation and hosting for clients managing the business
and technology complexities of the digital economy. EDS brings
together the worlds best technologies to address critical client
business imperatives. It helps clients eliminate boundaries,
collaborate in new ways, establish their customerstrust and
continuously seek improvement. EDS, with its management consulting
subsidiary, A.T. Kearney, serves the worlds leading companies and
governments in 55 countries. EDS reported revenues of $19.2 billion
in 2000. The companys stock is traded on the New York Stock Exchange
(NYSE: EDS) and the London Stock Exchange. Learn more at
www.eds.com.
About Sabre: Sabre is the leading provider of technology and marketing
services for the travel industry. Headquartered in Dallas/Fort Worth,
Texas, the company has nearly 10,000 employees worldwide who span 45
countries. Sabre reported 2000 revenues of US$2.6 billion, an
increase of 7.5 percent from 1999. Sabre maintains an ownership
interest of approximately 70 percent in Travelocity.com (Nasdaq:
TVLY), the worlds leading online B2C travel site.
Statements in this news release that are not purely historical facts,
including statements about a possible transaction involving Sabres
information technology outsourcing business, Sabres expected revenue
or earnings growth or outsourcing cost savings; the impact of these
transactions on EDS revenues and earnings and the value of the related
contracts are forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. All
forward-looking statements in this release are based upon information
available to Sabre and EDS on the date of this release. These
statements are subject to numerous risks and uncertainties, many of
which are beyond Sabre and EDS control, that could cause actual
results to differ materially from such statements. This includes
risks related to: Sabres relationships with American Airlines and US
Airways and their affiliates; and the relationship of such entities
with EDS following completion of this transaction; the integration and
migration of IT operations by Sabre and EDS; competition and
technological innovation by competitors; risks related to Sabres
technology; seasonality of the travel industry and booking revenues;
sensitivity to general economic conditions and events that affect
airline travel; risks associated with Sabres international operations;
and legal and regulatory issues. Further information regarding
important factors that could affect EDS and Sabres financial and other
results is included in the risk factors section of Sabres most recent
Form 10-K filing and in EDSmost recent form 10-Q filing with the
Securities Exchange Commission. EDS and Sabre undertake no obligation
to publicly update or revise any forward-looking statements whether as
a result of new information, future events or otherwise, except as may
be required by law. Readers are cautioned not to place undue reliance
on forward-looking statements.
Conference Calls: EDS and Sabre will hold conference calls with the
investment community to discuss todays announcement. The public is
invited to participate on a listen-only basis.
The Sabre call will be at 7:00 a.m. Central time
Domestic dial-in number (800) 559.9370
International dial-in number (847) 619.6368
A replay will be available immediately following the call until close
of business on April 15, 2001:
Domestic U.S. (888) 843-8996
Passcode: 3653275
Replay: International: (630) 652-3044
Passcode: 3653275
The EDS call will be at 7:45 a.m. Central time
U.S. dial-in number: (800) 559-2403
International dial-in number: (847) 619-6534.
A replay will be available for one week:
U.S. (888) 843-8996 passcode 3684266
International (630) 652-3044 passcode 3684266
The Sabre conference call will also be broadcast live over the
Internet at http://www.sabre.com/investor.
The EDS conference call will also be broadcast live over the Internet
at http://www.eds.com/announcement
16 mrt 01 11:31