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New Deal


Announced

Completed

American Express Global Business Travel completed the acquisition of Ovation Travel Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

business travel services

United States

Corporate Travel Services

Friendly

Majority

Cross Border

Acquisition

Completed

Single Bidder

Synopsis

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American Express Global Business Travel, a business partner for managed travel, completed the acquisition of Ovation Travel Group, a provider of business travel services. Financial terms were not disclosed. "Since 1984, Ovation Travel Group has built a well-deserved reputation for providing leading travel management services to professional enterprises. In addition to the personalized service to which their clients and travelers have become accustomed, there will be new benefits that come with being part of the GBT family. These include access to GBT’s proprietary technology platform and Supply MarketPlace, as well as our industry-leading products, data privacy, cyber security, and environment, social and governance (ESG) standards," Paul Abbott, GBT CEO.

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