05 May 2021
American Express Global Business Travel (Amex GBT) has made a binding offer to acquire Expedia Group’s corporate travel arm, Egencia.
As part of the transaction, Expedia Group would become a shareholder in and enter a long-term, strategic commercial agreement with Amex GBT, which would see the Egencia brand continue to be active in the market.
Paul Abbott, CEO of Amex GBT, said: “Our strategy is to provide customers with unparalleled choice by having the best solutions for each managed travel segment that we serve. In Egencia, we would welcome the industry’s leading digital business travel platform.
“Egencia would be strengthened by GBT’s complementary technology, enterprise capabilities and cutting-edge content.
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Good Travel Management became the third organisation in two days to announce an acquisition impacting the UK s TMC market – albeit on a different scale to the two deals that went before it.
The Hull-based travel management company, which was ranked 41 in last year’s Leading 50 TMCs, has acquired the customer base and ongoing client servicing activity of West Yorkshire’s Company Travel.
The two TMCs share expertise in serving clients in the engineering, manufacturing, renewables and construction sectors, among others. Good Travel Management, which has been providing travel services for more than 120 years as part of the John Good Group, also specialises in the marine and offshore business.
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American Express Global Business Travel (GBT) has
made a binding offer to acquire Egencia, the corporate travel arm of Expedia.
As part of the transaction, Expedia Group is to become a shareholder in, and
enter a long-term strategic commercial agreement with, GBT.
Paul Abbott, GBT’s CEO, said: “Our strategy is to
provide customers with unparalleled choice by having the best solutions for
each managed travel segment that we serve. In Egencia, we would welcome the
industry’s leading digital business travel platform.
“Egencia would be strengthened by GBT’s
complementary technology, enterprise capabilities and cutting-edge content.
This would create new opportunities for both multinational and small and