Accelya Kale Solutions, a leading provider of financial and commercial solutions to the airline industry, and Mercator, a global provider of product-enabled solutions to the travel and transportation industry, have announced their intention to combine, creating a leading global technology-enabled solutions provider to airlines, travel agents and freight forwarders. 

Warburg Pincus, a global private equity firm focused on growth investing, will be the majority shareholder in the combined company following its acquisition of Accelya from Chequers Capital. Members of management will also have ownership interests in the combined company.

Together, Accelya and Mercator will offer a broadened product portfolio with complementary offerings including revenue accounting, revenue management and revenue assurance, cargo management, payment solutions, data analytics, cost management and commercial solutions. 

The customers of Accelya and Mercator will benefit from enhanced product and technology capabilities, which will ensure the continued development of innovative solutions for the travel industry.

The combined company will have pro forma annual revenues in excess of USD 200 million, with the scale to make investments in products and technology in order to remain at the cutting edge of innovation and service quality.

Shares of the company declined Rs 17.25, or 1.06%, to settle at Rs 1,608.65. The total volume of shares traded was 1,340 at the BSE (Friday).