Amex GBT completes the acquisition of CWT, a global business travel and meetings solutions provider.
The acquisition is valued at approximately $540 million on a cash-free, debt-free basis.
CWT customers now gain access to Amex GBT's suite of proprietary travel and expense software solutions.
Value Creation
The acquisition is expected to create significant shareholder value with approximately $155 million of annual synergy within 3 years.
Enhanced Services
CWT customers will benefit from Amex GBT's extensive portfolio of professional services in travel, expense, meetings, and events.
Future Guidance
Amex GBT will provide updated full-year 2025 guidance, including the impact of the acquisition of CWT, in the next earnings call in November.
- The acquisition of CWT will unlock unrivaled choice, value, and experiences for CWT customers.
- Amex GBT expects the acquisition to generate greater investment capacity and efficiency gains, creating significant shareholder value.
- CWT customers now have access to Amex GBT's leading business travel marketplace and competitive travel content.
The completion of the acquisition marks the beginning of a promising relationship between Amex GBT and CWT customers, with a focus on delivering choice, value, and service.