American Express Global Business Travel (GBT) has recently completed its acquisition of CWT, a global business travel and meetings solutions provider. The acquisition is valued at approximately $540 million on a cash-free, debt-free basis. This move is expected to yield significant shareholder value with around $155 million of annual run-rate identified synergies within three years.
As a result of the acquisition, CWT's customers now have access to Amex GBT's suite of proprietary travel and expense software solutions, including Neo and Egencia, as well as Select, which allows seamless integration with leading technology partners. Additionally, they can benefit from Amex GBT’s extensive portfolio of professional services, which includes meeting and events, consulting, and sustainability solutions.
Amex GBT has announced that it will provide updated full-year 2025 guidance, including the impact of the acquisition of CWT, on its next earnings call in November. This acquisition is expected to generate greater investment capacity for Amex GBT's software and services and create significant shareholder value through efficiency gains.
American Express Global Business Travel operates in more than 140 countries and offers a choice of solutions through a strong combination of technology and people. It is known for delivering savings, flexibility, and service from a brand that customers can trust. Today the company's shares have moved -2.76% to a price of $8.11. For the full picture, make sure to review Global Business Travel's 8-K report.