AION Capital acquires InterGlobe Technologies to boost service expansion

AION expects to support InterGlobe Utsav in its next phase of growth as the company focuses on accelerating service expansion

Affiliates of AION Capital Partners on Monday announced that they have acquired InterGlobe Utsav (IGT), a leading global travel business process management (BPM), technology and digital services company for an undisclosed sum. 

AION Capital is an India-focused private equity fund with $825 million in the committed capital. It was established through a strategic partnership between Apollo Global Management and ICICI Venture. Apollo is a leading global alternative investment manager with assets under management (AUM) of approx $270 billion as of September 30, 2018. 

“The management team is excited to partner with AION Capital.  We will continue to invest in this