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Navan Expands in Latin America with Acquisition of Smartrips, a Leading Travel Management Company in Brazil

NAVN
  • Navan has signed a definitive agreement to acquire Smartrips, a leading Brazilian travel management company.
  • This transaction marks Navan's first acquisition since becoming a public company.
  • Brazil represents an estimated 40% of Latin American business travel spend within the $185 billion global market opportunity.
  • The integration will allow Navan customers in Brazil to book, manage, & track all travel on a single unified platform instead of using local partner sites.
  • Navan will combine its AI-powered technology with Smartrips' local expertise, supplier relationships, & IATA credentials.
  • The acquisition follows Navan's international expansion strategy involving past purchases of Comtravo in Germany, Tripeur in India, & ongoing efforts with Reed & Mackay in the UK.
  • The deal is expected to close in the second quarter of fiscal year 2027.
  • The transaction has no material impact on Navan's guidance provided on June 10, 2026.
  • Specific financial terms of the acquisition were not disclosed.