GBT enhances presence in Scandinavia with TMC acquisition

American Express Global Business Travel (GBT) has completed the acquisition of SMT, a TMC in Finland, from Finnair.

SMT had been partnering with GBT for over 27 years and the acquisition is meant to further enhance GBT’s presence in the Nordic countries.

“SMT’s main strategic objective is to be the leading provider of corporate travel services and meetings and events in Finland. Joining GBT will accelerate our progress toward that objective,” said SMT managing director Kirsi Paakkari, who will continue to manage the business post acquisition.

“Our dynamic business style, combined with GBT’s resources, will make us a powerful and effective business travel partner for companies across Finland.”

SMT was formed in 2013 after the merger of the two of the largest Finnish-owned business travel agencies, Area Travel Agency and Finland Travel Bureau.

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