Amex GBT completes CWT acquisition

American Express Global Business Travel has lastly accomplished its long-running acquisition of fellow journey administration firm CWT – 17 months after the deal was initially introduced.

Amex GBT has acquired CWT in a transaction value $540 million, which was lowered earlier this 12 months from the unique valuation of $570 million in March 2024.

Paul Abbott, CEO of Amex GBT, stated: “Today marks the beginning of an thrilling relationship with CWT clients. We will pay attention, construct belief and ship the selection, worth and repair they anticipate. This acquisition will generate better funding capability for our software program and companies and is predicted to create vital shareholder worth by effectivity good points.”

The deal brings collectively two of Europe’s high three TMCs – Amex GBT was ranked first within the listing of Europe’s Leading TMCs 2025, with complete European gross sales of €10.21 billion, whereas CWT was in third place with estimated gross sales in Europe of €4 billion.

The mega-merger of worldwide TMCs had been delayed by an investigation by the UK Competition and Markets Authority, which began in June 2024 earlier than the deal was ultimately given the inexperienced gentle by the CMA in March 2025.

The last main hurdle to the acquisition was an antitrust lawsuit filed by the US Department of Justice, which had been resulting from go to trial in September earlier than the case was instantly dropped by the DOJ in July.

During Amex GBT’s second quarter outcomes presentation final month, Abbott stated he was unable to supply any particulars on CWT’s monetary efficiency till the deal closed. But Abbott was “very confident” that Amex GBT may obtain the unique estimate of $155 million in synergies inside three years following the acquisition.

In an announcement, Amex GBT stated that CWT’s clients would now acquire entry to its platforms, together with Neo and Egencia, in addition to Select, which integrates with know-how suppliers.

The TMC added that it will present particulars on the monetary affect of the CWT acquisition when it publishes its Q3 ends in November.

• See additionally: A timeline of the proposed acquisition, as reported by BTN Europe.