Navan (NASDAQ: NAVN) has expanded its European footprint through new integrations with regional travel suppliers ITA Airways, Caledonian Sleeper, and Virtuo. The partnerships will add a direct New Distribution Capability (NDC) connection with Italy’s national air carrier, overnight rail services in the UK, and mobile-first car rental bookings in France to Navan's platform. These additions are designed to elevate localized inventory and improve booking options for European businesses.

Accelerating NDC Leadership with ITA Airways

Navan is enabling ITA Airways content via Lufthansa Group’s NDC API, using the latest version 24.1. This integration provides travelers with exclusive content not available on legacy platforms, including ITA's Light (LGT) and Business (BXX) fare classes. The latest NDC API generation also unlocks a superior post-booking experience through seamless automation with enhanced speed and efficiency.

Prioritising Comfort with Caledonian Sleeper

The integration with Caledonian Sleeper allows Navan users to book sleeper cabins on the UK's only overnight rail service. The service runs approximately eight hours between London and Scottish business hubs. This option aims to provide comfortable and cost-effective travel while maximizing traveler productivity. Caledonian Sleeper offers fully private guest rooms, some with en-suite facilities, bookable via the Navan platform.

Streamlining Ground Transport with Virtuo

Navan’s integration with Virtuo introduces a digital-first car rental approach for travelers in France and the UK. Users can book vehicles on the Navan platform and access rentals remotely via the Virtuo app. The service features 24/7 access, digital identity verification, and AI-powered damage reporting. This eliminates the need to wait at rental counters or perform manual inventory checks, allowing travelers to proceed directly from arrivals to their vehicle.

These new integrations reinforce Navan’s commitment to expanding its European presence. They add to recent inventory expansions including Swedish Rail, SAS NDC, and the bahn.business program from Deutsche Bahn.

Navan, the global AI-powered travel and expense management platform, has signed a definitive purchase agreement to acquire Smartrips, a leading Brazilian travel management company. This strategic move positions Navan to capture a greater share of the $185 billion market opportunity, with Brazil representing an estimated 40% of Latin American business travel spend. The acquisition will extend Navan's footprint deeper into Latin America, identified as one of the largest and fastest-growing segments of the global corporate travel market.

Following the integration of Smartrips, Navan customers with operations in Brazil will no longer need to direct local teams to partner sites or off-platform booking systems. Instead, employees can seamlessly book, manage, and track all Brazilian travel directly within the core Navan platform. By consolidating this historically fragmented spend onto a single, integrated interface, Navan delivers the unified experience and real-time spend visibility that modern finance teams demand.

"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. "Together, we will be able to better serve new and existing customers, and we know that we're such a great fit because we already partner together in Brazil, a critical market for any company with a global travel program. The combination of Navan's world-class technology with Smartrips' deep supplier relationships, local expertise, and IATA credentials will enable us to offer a level of service that legacy TMCs simply cannot match."

Transaction Details

Strategic Rationale

The acquisition of Smartrips follows similar efforts by Navan over the past five years to expand internationally by acquiring market-leading local operators with deep supplier relationships. As it has done with Comtravo in Germany, Tripeur in India, and what it is currently in the process of doing with Reed & Mackay in the UK, Navan will look to integrate Smartrips' capabilities onto its platform and extend its enterprise-grade experience to a new geography without sacrificing local expertise.

The transaction is expected to close in the second quarter of fiscal year 2027. This deal marks Navan's first acquisition as a public company. Terms of the transaction were not disclosed. The company stated that the acquisition will have no material impact on the guidance shared on June 10, 2026.