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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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 purchase price adjustments. The transaction will be funded by a combination of stock and cash and is e...
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.