Online travel booking company Despegar signed a deal to buy Viajanet, a Brazil-based online travel agency, for US$15 million.

The deal must receive regulatory approval. It will close by June. The payments will come in phases.

“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,” Marcelo Grether, chief mergers and acquisitions and new business officer of Despegar, said in a press release on Friday. 

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Tags: despegar, news blog