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Despegar Closes Acquisition of Viajes Falabella in Chile, Perú and Argentina
Tuesday 11 June 2019

11 June 2019 - Argentina-based online travel company, Corp. (NYSE: DESP) has completed the acquisition of Viajes Falabella in Chile, Perú and Argentina, the company said.
As expected however, Viajes Falabella Colombia's operations, have not yet completed the customary closing conditions for transactions of this type, including approval of the relevant antitrust authority.
The acquisition of Viajes Falabella provides customers of both companies with access to an enhanced travel and tourism product and service offering, wherever and however they want to book travel (Mobile, online, Apps, call center and store-within-store locations).
In addition, customers will be able to access exclusive discounts, earn double CMR Points Falabella's loyalty program, both at Viajes Falabella and Despegar, as well as an expanded product offering in exchange for CMR Points at Viajes Falabella.
Despegar is an online travel company in Latin America.
It has over two decades of business experience and operates in 20 countries in the region.
Despegar's websites and leading mobile apps, offer products from over 300 airlines, more than 520,000 accommodation options, as well as approximately 1,100 car rental agencies and approximately 240 destination services suppliers with more than 8,700 activities throughout Latin America.
The company owns and operates two well-recognised brands, Despegar, its global brand, and Decolar, its Brazilian brand. Despegar is traded on the New York Stock Exchange (NYSE: DESP).
Date Published: 11/06/2019
Target: Viajes Falabella in Chile, Per, ú and Argentina
Country: Argentina
Sector: Tourism
Type: Corporate acquisition
Status: Closed
Buyer:, Corp
Terms of the deal were not disclosed