RateGain Travel Technologies Acquires 100% Shares in RateGain Technologies Limited for GBP 82.5 Million

RateGain Travel Technologies Ltd has approved the acquisition of 100% equity shares in its material unlisted wholly owned subsidiary, RateGain Technologies Limited ('RG UK'), pursuant to the conversion of an inter-corporate loan of USD 109,745,000 and accrued interest of USD 2,461,225. RG UK specializes in Data-as-a-Service (DaaS), Distribution and Marketing Technology (MarTech) products for travel and hospitality sectors. The acquisition is expected to be completed by 31st March 2026. The revenue from RG UK's last three financial years is as follows: 2023-24: £ 24,525,024, 2022-23: £16,366,710, 2021-22: £12,256,816. RG UK was incorporated on December 05, 2014 and is based in the United Kingdom.