A recent large M&A deal was the acquisition of Brazilian company VOLL, a corporate travel and expense management platform, by U.S.-based global growth investor Warburg Pincus in a transaction valued at approximately $130.1 million. The investment provides growth capital to accelerate VOLL’s AI-driven platform expansion, enhancing its capabilities across corporate travel booking, mobility, and digital expense management while supporting the company’s next phase of growth in the enterprise market.

Another recent large M&A deal was the $144.8 million acquisition of Latitude.sh, a Brazilian provider of hosted computing services for developers and businesses globally that enables automated deployment of bare metal servers, dedicated GPU clusters, and virtual machines, by Australian Network as a Service provider Megaport. The transaction brings together compute and network capabilities, creating a combined Compute and Network as a Service platform to support high-performance and AI workloads globally.

In October, Brazil-based WEG acquired a majority 54% stake in Tupinambá Energia, a Brazilian provider of electric vehicle charging management software and mobile applications for businesses in Latin America, for $7 million. The acquisition strengthens WEG’s EV charging offering by adding software platforms and digital services, reinforcing its strategy to support growth of electric mobility in Brazil and other geographical markets.

Peru-based Moonflow acquired Kobro, a Mexican developer of AI-powered accounts receivable software for businesses focused on automating payment collection through payment reminders, transaction reconciliation, and customizable collection workflows to improve cash flow and reduce overdue accounts. The acquisition strengthens Moonflow’s presence in Mexico, a priority market within its Latin America strategy, and expands its AI-powered technology portfolio.

Exodus Movement acquired Grateful, a Uruguay-based provider of blockchain-native payments orchestration software for merchants in Latin America, offering wallet-to-wallet payments, off-ramping, QR-based point of sale capabilities, and e-commerce checkout integrations. The acquisition strengthens Exodus’ stablecoin-based payments offering for merchants, expanding access to blockchain-native payment tools and supporting the growth of digital payments in Latin America.