M&A Deal Summary

MercadoLibre Acquires Metros Cubicos S.A. de C.V.

On April 25, 2015, MercadoLibre acquired internet software and services company Metros Cubicos S.A. de C.V. from Grupo Expansión

Acquisition Highlights
  • This is MercadoLibre’s 2nd transaction in the Internet Software and Services sector.
  • This is MercadoLibre’s 1st transaction in Mexico.

M&A Deal Summary

Date 2015-04-25
Target Metros Cubicos S.A. de C.V.
Sector Internet Software and Services
Buyer(s) MercadoLibre
Sellers(s) Grupo Expansión
Deal Type Divestiture

Target

Metros Cubicos S.A. de C.V.

Mexico City, Mexico
Metros Cubicos, S.A. de C.V. is a real estate portal website in Mexico for searching and publishing information of sale and rental of all types of properties (houses, apartments and offices, among others).

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Buyer(S) 1

Buyer

MercadoLibre

Montevideo, Uruguay

Category Company
Founded 1999
Sector Internet Software and Services
Employees84,207
Revenue 20.8B USD (2024)
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 4 of 7
Sector: Internet Software and Services M&A 2 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Mexico M&A 1 of 1
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 KPL Soluções

Barueri, Brazil

KPL Soluções is a Brazilian software developer with a focus on cloud based applications.

Buy $16M
FOLLOWING 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

Seller(S) 1

SELLER

Grupo Expansión

Mexico City, Mexico

Category Company
Founded 1966
Sector Publishing
DESCRIPTION

Grupo Expansión is a print and digital publisher. It edits and publishes 16 magazines and 10 websites, including Expansión, ELLE, Obras, Manufactura, IDC, Quién, InStyle, Quo, Chilango, Life & Style, Travel + Leisure, Revolution, MetrosCúbicos.com, CNNExpansión.com, Mediotiempo.com, ADNPolítico.com, and CNNMéxico.com. Grupo Expansión was formed in 1966 and is based in Mexico City.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Mexico M&A 1 of 1
Year: 2015 M&A 1 of 1