Despegar Completes Acquisition of 100% of Brazilian Online Travel Agency Viajanet

BRITISH VIRGIN ISLANDS–(Business WIRE)–Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the major on line vacation organization in Latin The us, now declared that it has done the earlier announced (May perhaps 6, 2022 – url) acquisition of 100% of TVLX Viagens e Turismo S.A (“Viajanet”), a single of Brazil’s foremost on the internet travel companies, for a total thought of close to US$15.5 million, which will be issue to customary publish-closing changes. Seventeen per cent of complete consideration was compensated pursuing the consummation of the transaction, 43% is anticipated to be paid in July 2022, 20% in June 2024 and the remaining 20% in June 2025, subject to any post-closing indemnification changes.

About Despegar.com

Despegar is the major online journey company in Latin America. For above two a long time, it has revolutionized the tourism market via technological innovation. With its continuous motivation to the enhancement of the sector, Despegar right now is comprised of a consolidated Team that includes Finest Working day, Viajes Falabella, Viajanet and Koin, (the Company’s fintech business) in flip getting just one of the most pertinent organizations in the region and capable to supply a tailor-created practical experience for a lot more than 29 million buyers.

Despegar operates in 20 international locations in the area, accompanying Latin Us residents from the minute they desire of touring until finally they share their reminiscences. With the function of increasing people’s lives and reworking the searching practical experience, it has produced substitute payment procedures and financing, democratizing entry to usage and bringing Latin Us residents nearer to their next vacation experience. Despegar is traded on the New York Stock Exchange (NYSE: DESP). For extra facts, be sure to pay a visit to www.despegar.com.

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