Rategain Travel Technologies Limited has informed the Exchange about General Updates
RATEGAIN · price
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RateGain Travel Technologies has signed definitive agreements to acquire 100% of Sojern, Inc., a US-based AI-powered hospitality and travel marketing platform, for a cash consideration of USD 250 million. The deal will be executed through a newly incorporated wholly owned US subsidiary called RateGain Merger Sub, Inc. Sojern reported a turnover of USD 172.2 million in CY2024 (up from USD 165.7 million in CY2023 and USD 149.3 million in CY2022). The company has also approved a corporate guarantee of up to USD 150 million to fund the acquisition through its UK subsidiary. The transaction is expected to close in 45-90 days, subject to US anti-trust (HSR) and other regulatory approvals.
This is a significant inorganic growth move that expands RateGain's AI-led hospitality marketing capabilities and geographic footprint across the US, UK, Europe, and Asia. Shareholders should note the debt-funded nature of the deal (USD 150 million guarantee) which could pressure near-term cash flows, but the acquisition strengthens the company's competitive position in travel tech.