Direct News Source
American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, Expedia Group’s corporate travel arm. As part of the transaction, Expedia Group would become a shareholder in, and enter a long-term strategic commercial agreement with, GBT.
The deal would bring Egencia, a leading digital travel management company, into the GBT family. GBT would continue to invest in the Egencia brand, its people and technology, as part of the world’s leading business travel platform.
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.
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.
Share
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
American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, Expedia Group's corporate travel arm. As part of the transaction, Expedia Group would become a shareholder in