American Express Global Business Travel (GBT) has announced that it has entered into a definitive agreement to acquire Corporate Traveler, the global travel management division of Carlson Wagonlit Travel (CWT). The acquisition is expected to further solidify GBT’s position as a leader in the business travel industry.
The acquisition of CWT’s Corporate Traveler division will allow GBT to expand its reach and enhance its service offerings for clients around the world. With a strong presence in key markets such as the United States, the United Kingdom, Australia, and New Zealand, Corporate Traveler will bring a wealth of experience and expertise to GBT’s already impressive portfolio of services.
GBT’s CEO, Paul Abbott, expressed his excitement about the acquisition, stating, “We are thrilled to welcome the Corporate Traveler team to the GBT family. This acquisition will allow us to further enhance our service offerings and capabilities, providing our clients with even more value and support as they navigate the complexities of business travel.”
The acquisition of Corporate Traveler is just the latest in a series of strategic moves by GBT to strengthen its position in the market. In recent years, the company has made several key acquisitions and partnerships to expand its global footprint and enhance its service offerings.
The acquisition is subject to regulatory approvals and is expected to close in the coming months. Once complete, Corporate Traveler will be integrated into GBT’s existing operations, and clients can expect a seamless transition with no disruption to their travel management services.
Overall, the acquisition of CWT’s Corporate Traveler division represents a significant milestone for GBT and further solidifies its position as a leader in the business travel industry. With an expanded global reach and enhanced service offerings, GBT is well-positioned to meet the evolving needs of its clients and continue to drive innovation in the travel management sector.
