Mumbai: Private equity firm AION Capital Partners Monday said that it has acquired InterGlobe Technologies, a global travel business process management technology and digital services company. AION Capital, an India-focused private equity fund with $825 million in committed capital, was established through a strategic partnership between Apollo Global Management and ICICI Venture. InterGlobe Technologies was founded in 1998 by InterGlobe Enterprises, one of the world’s largest travel conglomerates. “With its strong customer base and deep domain expertise in the travel sector, we believe that InterGlobe Technologies is uniquely positioned. We expect InterGlobe Technologies will continue to leverage and further strengthen its digital capabilities and global footprint to meet the growing demand for differentiated customer experience,” said Utsav Baijal, partner at AION Capital.

Source: Mint January 07, 2019 17:48 UTC