American Express Global Business Travel has announced that it has completed its US$540-million acquisition of global business travel and meetings solutions provider CWT. With the close of the acquisition, Amex GBT welcomes CWT’s customers and employees to its software solutions and services for travel, expense, meetings and events.
“Today marks the start of an exciting relationship with CWT customers. We will listen, build trust and deliver the choice, value and service they expect,” said Paul Abbott, CEO of Amex GBT. “This acquisition will generate greater investment capacity for our software and services and is expected to create significant shareholder value through efficiency gains.”
CWT customers now gain access to Amex GBT’s suite of proprietary travel and expense software solutions, including Neo and Egencia, as well as Select, which enables seamless integration with leading technology partners. They also benefit from Amex GBT’s extensive portfolio of professional services, spanning meeting and events, consulting, and sustainability solutions.
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