Encuentra24 and OLX Group Merged in Central America
BERN, Switzerland, July 14, 2020-- Encuentra24, a leading marketplace in Central America and OLX Group, a leading global marketplace network, announced their merger in Central America.
As part of the deal, Encuentra24 and OLX Group will combine their operations in four countries.
In Panama, Costa Rica and El Salvador, the existing Encuentra24 and local OLX platforms will merge under the Encuentra24 brand. In Guatemala, the local OLX platform will merge and launch under the Encuentra24 brand.
Encuentra24 will manage the new local operations in all four countries, in addition to its existing businesses in other markets in Central and Latin America.
This merger will provide the more than five million monthly users with access to a new, best-in-class online classifieds experience....