Despegar to Acquire 100% of Viajanet, an Online Travel Agency in Brazil
06 Mai 2022 - 3:00PM
Business Wire
Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading
online travel company in Latin America, today announced that it has
agreed to acquire TVLX Viagens e Turismo S.A (“Viajanet”), one of
the leading online travel agencies in Brazil, for a total
consideration of approximately US$15 million and subject to
customary closing conditions. Under the terms of the agreement, 60%
of the purchase price will be payable at closing, 20% in 24 months
and the remaining 20% in 36 months.
Viajanet recorded audited revenues of approximately US$30
million in 2019. During 2021, Viajanet’s online sales accounted for
approximately 98% of total sales, with 88% of Gross Bookings
originated in the B2C channel and the remainder via the B2B
channel. In addition, 98% of Gross Bookings were within the Air
segment of Brazil’s travel market, giving Despegar the opportunity
to cross-sell its accommodation and other non-air product inventory
to Viajanet’s existing customers.
Mr. Marcelo Grether, Chief M&A & New Business Officer of
Despegar, said: “The acquisition of Viajanet, our third in the last
two years in Brazil, is another step in our regional consolidation
strategy that will enable us to deploy more of Despegar’s
higher-margin non-air inventory through a new brand and its
customer base while bolstering our team in the country. We expect
to capture other significant synergies by leveraging Despegar’s
technology platform to enhance Viajanet’s conversion rates and
performance marketing capabilities, among other benefits.”
Mr. Paulo Nascimento, Chief Executive Officer of Viajanet,
added: “We are thrilled to be joining the team at Despegar, a
leading player in LatAm’s travel market. Becoming part of Despegar
will give our customers access to a larger and more diverse
inventory of travel products while also benefiting from the
innovative technological capabilities behind its leading travel
site.”
The closing of the transaction is expected to take place in the
second quarter of 2022.
About Despegar.com
Despegar is the leading online travel company in Latin America.
For over two decades, it has revolutionized the tourism industry
through technology. With its continuous commitment to the
development of the sector, Despegar today is comprised of a
consolidated Group that includes Best Day, Viajes Falabella and
Koin, (the Company’s fintech business) in turn becoming one of the
most relevant companies in the region and able to offer a
tailor-made experience for more than 29 million customers.
Despegar operates in 20 countries in the region, accompanying
Latin Americans from the moment they dream of traveling until they
share their memories. With the purpose of improving people's lives
and transforming the shopping experience, it has developed
alternative payment methods and financing, democratizing access to
consumption and bringing Latin Americans closer to their next
travel experience. Despegar is traded on the New York Stock
Exchange (NYSE: DESP). For more information, please visit
www.despegar.com.
Forward-Looking Statements
This press release includes forward-looking statements. We base
these forward-looking statements on our current beliefs,
expectations and projections about future events and financial
trends affecting our business and our market. Many important
factors could cause our actual results to differ substantially from
those anticipated in our forward-looking statements.
Forward-looking statements are not guarantees of future
performance. Forward-looking statements speak only as of the date
they are made, and we undertake no obligation to update publicly or
to revise any forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220505006234/en/
Despegar Natalia Nirenberg Investor Relations Phone:
(+54911) 26684490 E-mail: natalia.nirenberg@despegar.com
Despegar com (NYSE:DESP)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Despegar com (NYSE:DESP)
Historical Stock Chart
Von Apr 2023 bis Apr 2024