RateGain Travel Technologies Limited entered into an asset purchase agreement to acquire substantially all of the assets of Adara Inc for $16.1 million.

RateGain Travel Technologies Limited (NSEI:RATEGAIN) entered into an Asset Purchase Agreement to acquire substantially all of the assets of Adara Inc for $16.1 million on January 2, 2023. The Consideration in the form of upfront payment and deferred consideration. Adara reported turnover of $27.4 million in FY 21-22.

The transaction is expected to complete within one month from the date of execution of the Asset Purchase Agreement.