M&A Deal Summary

MercadoLibre Acquires Kangu

On August 25, 2021, MercadoLibre acquired transportation company Kangu

Acquisition Highlights
  • This is MercadoLibre’s 1st transaction in the Transportation sector.
  • This is MercadoLibre’s 3rd transaction in Brazil.

M&A Deal Summary
Date 2021-08-25
Target Kangu
Sector Transportation
Buyer(s) MercadoLibre
Deal Type Add-on Acquisition

Target

Kangu

Sao Paulo, Brazil
website
Kangu is a logistics company that operates in Brazil, Colombia, and Mexico. The company has more than 5,000 collection and delivery points, more than half of them in Brazil. It serves a wide variety of companies including Mercado Livre, connecting e-commerce sellers to its network of neighborhood partners such as pet shops, stationers, and other local stores. These stores form a high capillarity network of collection points where sellers can leave their products for delivery, or delivery points where customers can pick up their orders. Kangu is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

MercadoLibre

Montevideo, Uruguay

website

Category Company
Founded 1999
Sector E-Commerce
Employees29,957
Revenue 7.1B USD (2021)
DESCRIPTION

MercadoLibre is an online trading platform serving Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. MercadoLibre was founded in 1999 and is based in Montevideo, Uruguay.

DEAL STATS #
Overall 6 of 7
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 5 of 6
Country (Brazil) 3 of 3
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Axado Informacao e Tecnologia SA

Florianopolis, Brazil

Axado Informacao e Tecnologia SA is a provider of SaaS based online freight services company developing solutions for managing and monitoring shipments of orders.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Redelcom

Santiago, Chile

Redelcom is a payment network that offers cutting-edge technology at a national level, allowing the flexibility of reaching small and large businesses. Its POS accepts payments with all credit and debit cards, from any national and international bank. Redelcom was founded in 2010 and is based in Santiago, Chile.

Buy -
Mergr

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