Warburg Pincus buys Accelya, builds up airline and cargo tech
Warburg Pincus bought airline IT firm Accelya, reportedly for EUR 650 million, and will merge the firm with Mercator.
Warburg said that the combined business will create “a leading global technology-enabled solutions provider to airlines, travel agents and freight forwarders”.
Warburg was prepared to pay EUR 650 million, outbidding rivals Bridgepoint and PAI Partners, reported Financial Times.
The combined business will have pro forma annual revenues in excess of USD 200 million, secured from 400 clients, of which 250 are airlines.
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