Accelya and Mercator to come together
06 / 02 / 2017
Accelya, a provider of financial and commercial products to the airline industry, and Mercator, a global provider of IT services to the travel and transportation industry, have confirmed their intention to combine in a move that is intended to create a “leading global technology-enabled solutions provider to airlines, travel agents and freight forwarders”.
The exact terms of the transaction have not been disclosed, but together the two enterprises will be able to offer a broad range of products in areas such as cargo management, revenue accounting and management, and data analytics.
The transaction is expected to close in the first quarter of this year.
A statement from the companies declared: “With a global footprint and more than 400 clients worldwide, including 250 airlines, the new company will be at the forefront of automation, helping customers manage their financial processes more efficiently, minimizing revenue leakages, reducing operational costs and optimizing management of their indirect distribution channel.
“The combined company will have pro forma annual revenues in excess of $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.”
John Johnston, chief executive of Accelya, said: “Accelya has always focused on delivering exceptional customer service and I believe that together with Mercator, our customer offering will be significantly broadened.”
He added that the two companies working as one will be able to “drive further growth, expand the product offering and introduce new technologies”.
Cormac Whelan, Mercator chief executive, said: “The combination of Mercator and Accelya will deliver tremendous value to our customers through enhanced and broadened solutions, together with a significant focus on new product development.”