Global travel management company American Express Global Business Travel (GBT) has announced that it will acquire Hogg Robinson Group (HRG) PLC, a global B2B services company specialising in travel management.
The combined acquisition is expected to accelerate growth by utilising complementary footprints and solutions to provide additional benefits to clients; combine two advanced travel technology and development platforms to create better products and services to serve clients and travellers; deliver synergies through cost savings and scale benefits; and maximise efficiencies across the business.
Doug Anderson, CEO of American Express GBT, said in a statement: “The complementary geographical footprints of each company will improve the global scale and reach of our business, enabling us to achieve efficiencies across a best-in-class platform and accelerate growth. The technology roadmaps of each business provide a powerful platform from which to drive future innovation.
“We will deliver a superior client and traveller experience through fully-integrated travel management solutions, including booking and expense management products.”
The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in 2Q2018.