Amex GBT Completes Acquisition of CWT, Expands Travel Solutions Portfolio.

American Express Global Business Travel has completed its acquisition of CWT, a global business travel and meetings solutions provider, for approximately $540 million on a cash-free, debt-free basis. The acquisition adds CWT's customers and employees to Amex GBT's leading software solutions and services for travel, expense, meetings, and events. The acquisition is expected to generate greater investment capacity for Amex GBT's software and services and create significant shareholder value through efficiency gains.

American Express Global Business Travel (Amex GBT) has completed its acquisition of CWT, a global business travel and meetings solutions provider, for approximately $540 million on a cash-free, debt-free basis. The acquisition adds CWT's customers and employees to Amex GBT's leading software solutions and services for travel, expense, meetings, and events. The transaction is expected to generate greater investment capacity for Amex GBT's software and services and create significant shareholder value through efficiency gains.

The acquisition was announced in March 2024 and was valued at approximately $540 million. With the close of the acquisition, Amex GBT welcomes CWT's customers and employees to its leading software solutions and services for travel, expense, meetings, and events. Amex GBT's suite of proprietary travel and expense software solutions, including Neo and Egencia, will now be available to CWT's customers. Additionally, CWT customers will benefit from Amex GBT's extensive portfolio of professional services, spanning meeting and events, consulting, and sustainability solutions.

The acquisition is expected to generate approximately $155 million of annual run-rate synergies within three years. Amex GBT's leading business travel marketplace will provide CWT's customers with access to the industry's most comprehensive and competitive travel content. The combined company will provide updated full-year 2025 guidance, including the impact of the acquisition of CWT, on its next earnings call in November.

Amex GBT is a leading software and services company for travel, expense, and meetings & events. With travel professionals and business partners in more than 140 countries, Amex GBT delivers savings, flexibility, and service from a brand that is trusted by businesses worldwide.

[1] https://www.businesswire.com/news/home/20250902624882/en/Amex-GBT-Completes-Acquisition-of-CWT
[2] https://www.travelpulse.com/news/business-travel