Busbud completed the acquisition of Recorrido.

Busbud, a mobile app and platform, completed the acquisition of Recorrido, an intercity bus marketplace. Financial terms were not disclosed. "We are thrilled to join forces with Busbud on our mission to scale our commercial activities across Latin America and reinvent long-distance bus travel to provide smart and affordable mobility for everyone. We believe there is a natural complementary fit between Busbud's global platform and vision and our local team, market knowledge and relationships. We have been commercial partners with Busbud since 2016, highly value our partnership with their team and think this fusion will further unlock enormous value and innovation for our transport operator," Tilmann Alexander Heydgen, Recorrido Co-Founder.