Navan has acquired Brazilian travel management company (TMC) Smartrips, expanding its presence in Latin America. The deal marks the company’s first acquisition following its initial public offering in October 2025.
Terms of the transaction were not disclosed.
The move is intended to strengthen Navan's position in Brazil, Latin America’s largest corporate travel market, which the company said accounts for about 40% of the region’s travel spending.
Following the integration, Navan customers operating in Brazil will be able to book and manage local travel directly through the Navan platform rather than relying on third-party systems or partner sites, the company said.
"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 Michael Sindicich, president of Navan.
Founded in 2017, São Paulo-based Smartrips provides corporate travel procurement and management services for businesses in Brazil. The company combines travel booking and expense management capabilities with local supplier relationships and industry accreditation.
The deal continues Navan's international expansion strategy through acquisitions of regional travel management companies. Previous transactions include Germany’s Comtravo, India’s Tripeur and United Kingdom-based Reed & Mackay, which the company (then TripActions) acquired in 2021 and is currently integrating into its platform.
Caio Artoni, co-founder and CEO of Smartrips, said the acquisition will give customers access to Navan's travel and expense management platform while maintaining local expertise in the Brazilian market.
The transaction is expected to close in the second quarter of Navan's fiscal year 2027.