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New Deal


Announced

American Express Global Business Travel to acquire CWT for $570m.

Financials

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Transaction Value£452m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Pending

Single Bidder

business travel

travel management

Corporate Travel Services

Acquisition

Majority

Private

Friendly

Domestic

Synopsis

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American Express Global Business Travel, a B2B software and services company for travel and expense, agreed to acquire CWT, a global business travel and meetings solutions provider, for $570m. “Bringing CWT onto the proven Amex GBT software and services model will create more choice for customers, more opportunities for people and more value for shareholders,” Paul Abbott, American Express Global Business Travel CEO.

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