Navan (NAVN) signed an agreement to acquire Brazilian travel management company Smartrips, the company said Thursday.
Financial terms were not disclosed.
The operator of a travel and expense management platform said the acquisition will allow customers operating in Brazil to book and manage travel through its platform rather than using separate local systems.
Navan said it expects to complete the transaction in fiscal Q2 2027 and that the deal will not have any "material impact" on the guidance it issued on June 10.
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