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Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

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AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

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DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

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Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

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New CMA CGM rail link between UK and China
LONDON GATEWAY: April 18, 2018. GB Railfreight, ow...

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Dutch add more short-sea capacity to London
LONDON: April 18, 2018. Dutch-based A2B-online Con...

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Saudia Cargo gets new CEO
JEDDAH, Kingdom of Saudi Arabia: April 17, 2018. F...

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Turkish Cargo to introduce new routes
ISTANBUL: April 17, 2018. Turkish Cargo is to begi...

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South Carolina opens second inland port
DILLON, SC: April 16, 2018. The South Carolina Por...

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Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation
New CMA CGM rail link between UK and...
Dutch add more short-sea capacity to London
Saudia Cargo gets new CEO
Turkish Cargo to introduce new routes
South Carolina opens second inland port

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BARCELONA/DUBAI: February 04, 2017. Financial services provider Accelya is to merge with IT company Mercator to create a global technology-based service for airlines, travel agents and freight forwarders with combined annual revenue of US$200 million.

Mercator-and-United-Airlines-CargoTerms were not disclosed and the deal is expected to close in the first quarter of 2017.

The two companies said they would be able to provide 250 airline customers - including United Airlines - with product options covering revenue accounting, revenue management and revenue assurance, cargo management, payment solutions, data analytics, cost management and commercial solutions.

Accelya CEO John Johnston said: "Accelya has always focused on delivering exceptional customer service and I believe that together with Mercator, our customer offering will be significantly broadened."

Warburg Pincus, a global private equity firm, will be the majority shareholder in the combined company following its acquisition of Accelya from Chequers Capital. Headquartered in New York, the company has more than US$44 billion in private equity assets under management in a portfolio of more than 130 companies.

Adarsh Sarma, a managing director of Warburg Pincus added: "We see very compelling growth opportunities in the combination of Accelya and Mercator. Together, these two best-in-class companies will provide an improved and broadened suite of products and services to their customers whilst continuing to be at the forefront of new product innovation and development."

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