Navan is acquiring Brazilian travel management company Smartrips, with plans to integrate the TMC to enable booking and management of Brazilian travel within the Navan platform, the company announced.
The acquisition, the terms of which were not disclosed, will close in the second quarter of Navan's 2027 fiscal year, which runs through the end of July 2026, the company said.
Navan said the acquisition will follow the model of its other acquisitions, including German TMC Comtravo, Indian T&E platform Tripeur and Reed & Mackay, which originally continued as a distinct brand but more recently began movement to the Navan platform as a "unified" brand with Navan.
With the Smartrips acquisition, Navan sees opportunity to expand its footprint in Brazil, which it estimates as a $185 billion market opportunity, representing 40 per cent of corporate travel spending in Latin America.
Smartrips already was a partner of Navan's, and the acquisition brings Navan "deep supplier relationships, local expertise and [International Air Transport Association] credentials [that] will enable us to offer a level of service that legacy TMCs simply cannot match," Navan president Michael Sindicich said in a statement.
Navan said that once Smartrips is integrated in its platform, its customers with operations in Brazil will be able to book, manage and track Brazilian travel within the Navan platform rather than using partner sites or off-platform booking systems.
"Global enterprises want a single, integrated travel platform, no matter where they’re booking, and that’s what the addition of Smartrips is all about," said Sindicich.