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Amex GBT announces the acquisition of CWT for $570 million, aiming to enhance business travel with advanced software, services, marketplace.

American Express Global Business Travel (Amex GBT) has today announced it will acquire CWT for approximately US$570 million (AU$871.23m).

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American Express Global Business Travel (“Amex GBT”), which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, has today announced it entered into a definitive agreement to acquire CWT, a global business travel and meetings solutions provider, in a transaction that values CWT at approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and pu...

American Express Global Business Travel (Amex GBT) agreed to acquire its travel company rival CWT in a deal that valued CWT at approximately $570 million.

Transaction value of approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments Acquisition to provide CWT customers with more...

Merger promises significant consolidation in corporate travel market

American Express Global Business Travel agreed to acquire global business travel and meetings solutions provider CWT for $570 million.

Article - American Express Global Business Travel (Amex GBT) to Acquire CWT for $570 Million - After the acquisition closes, CWT customers would have access to Amex GBTs proprietary software and services for travel and expense, including Neo1, Neo and Egencia, in addition to Select, which enables customers to integrate with leading technology partners.

 CWT Travel Holdings, Inc. (“CWT”) announced it has completed recapitalization transactions that have strengthened balance sheet