Amex GBT completes acquisition of CWT

American Express Global Business Travel (Amex GBT) has completed its acquisition of CWT, the company announced Tuesday (Sept. 2).

The transaction, first announced in March 2024, values CWT at approximately $540 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments.

"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, in a press release. “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. Through Amex GBT’s business travel marketplace, customers can also access some of the industry’s most comprehensive and competitive travel content.

The company says it will provide updated full-year 2025 guidance, including the impact of the acquisition of CWT, on its next earnings call in November.

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