Announced
Completed
Financials
Tags
Private
business travel services
United States
Corporate Travel Services
Friendly
Majority
Cross Border
Acquisition
Completed
Single Bidder
Synopsis
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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