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Amex GBT Agrees to Acquire Carlson Wagonlit Travel for $570 Million

Amex GBT Agrees to Acquire Carlson Wagonlit Travel for $570 Million
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Amex GBT to Acquire CWT - Focus on Travel News

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

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Another vestige of Carlson travel empire sold: CWT to Amex spinoff for $570M

Another vestige of Carlson travel empire sold: CWT to Amex spinoff for $570M
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Amex GBT to purchase CWT for $871m - Travel Weekly

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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Amex GBT set to acquire CWT for USD 570mn

Amex GBT set to acquire CWT for USD 570mn
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Amex GBT to acquire CWT - TravelDailyNews International

Stay updated with the latest global travel and hospitality industry insights. Since 1999, TravelDailyNews International brings you comprehensive news, trends, and analysis to empower travel professionals worldwide.

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AMEX GBT to acquire CWT

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 purchase price adjustments. The transaction will be funded by a combination of stock and cash and is expected to close in the second half of 2024, subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.

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Amex GBT acquiring CWT

Amex GBT acquiring CWT
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American Express Global Business Travel to Acquire CWT in $570 Million Deal

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.

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Amex GBT to acquire CWT for USD 570 million

Amex GBT to acquire CWT for USD 570 million
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