Calcutta: Online travel aggregator Cleartrip has acquired Saudi Arabia-based Flyin, engaged in a similar business, for an undisclosed amount to capitalise on the growing shift to online travel in the Middle East and North African (MENA) region.

The combined company will have over 60 per cent market share throughout West Asia and improved profitability because of better economics and larger scale of operations, Cleartrip said in a statement.

The company, however, did not give the financial details of the acquisition. The transaction will enable both companies to leverage technology, talent and business intelligence to strengthen their travel offerings.

Cleartrip founder and CEO Stuart Crighton said, "Having established a strong position in India with our world-class products, we are pushing ahead with our ambitious expansion plans in the MENA market, and together with Flyin, we have reached a major milestone in our journey."

The transaction, the largest in the travel space in the MENA region, will offer Cleartrip a wider outreach and a larger client base in an adjacent market.

"Building on Saudi Arabia's evolving entrepreneurial ecosystem, Flyin has firmly established itself as a leading player in the Kingdom's online travel market. With its strong customer base and rich travel offerings, Flyin is a natural partner for us in the region. We will leverage each other's strengths to enhance product development and customer experience" added Crighton.

Flyin founder Abdullah al Romaih said, "We are embarking on a new journey to reinforce our position in Saudi Arabia's online travel market."