American Express Global Business Travel (GBT) announced (09-Feb-2018) it will acquire Hogg Robinson Group. Acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in 2Q2018. The combined group will offer clients and travellers a more comprehensive range of travel management products and services. The acquisition is expected to:
- Accelerate growth through complementary footprints and solutions offering additional benefits to clients;
- Combine two advanced travel technology and development platforms to create better products and services;
- Deliver synergies through cost savings and scale benefits;
- Leverage each company's existing infrastructure and technology capabilities to maximise efficiencies across the business.
American Express GBT CEO Doug Anderson said the businesses offer "complementary geographical footprints", while their technology roadmaps "provide a powerful platform from which to drive future innovation". [more - original PR]