American Express Global Business Travel completed the acquisition of CWT for $540m.

American Express Global Business Travel, a B2B software and services company for travel and expense, completed the acquisition of CWT, a global business travel and meetings solutions provider, for $540m. "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. This acquisition will generate greater investment capacity for our software and services and is expected to create significant shareholder value through efficiency gains," Paul Abbott, Amex GBT CEO.