Technology

American Express GBT acquires major B2B company

Global travel management company American Express Global Business Travel (GBT) has announced it will acquire Hogg Robinson Group (HRG) PLC, a global B2B services company specialising in travel management.

The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018.

The combined group will offer clients and travellers a more comprehensive range of travel management products and services.

The acquisition is expected to:

  • Accelerate growth by utilising complementary footprints and solutions to provide additional benefits to clients
  • Create the ability to 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
  • Leverage each company’s existing infrastructure and technology capabilities to maximise efficiencies across the business

Doug Anderson, Chief Executive Officer, American Express GBT, said: “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,” he added.

With approximately 12,000 employees and operations in nearly 140 countries worldwide, GBT empowers customers to take control of their travel programmes, optimising the return on their travel and meetings investments, while, more importantly, providing extraordinary traveller care.

David Radcliffe, Chief Executive Officer, HRG, said: “This transaction represents a good deal for shareholders and stakeholders.

“I am particularly excited and heartened by American Express GBT’s reassurance that it will be utilising the best talent and technology from within both organisations to create a truly world-class, leading-edge organisation, which will bring benefits to our clients, colleagues and supplier partners alike.” 

HRG specialises in travel, payments and expense management, and help companies, governments and financial institutions manage and control their expenditure.

Greg O’Hara, Chairman of the Board, American Express GBT, said: “The Board of Directors of GBT strongly endorses the acquisition of Hogg Robinson.

“Significant customer, operational and financial benefits are expected.

“This will enable the Combined Group to focus on adding value creation for customers and the marketplace, while generating new efficiency and growth opportunities for the business.

“I am excited at the prospect of creating a truly world-class travel management company using the best available talent from both Hogg Robinson and GBT.

“Customers and travellers will benefit from the Combined Group’s complementary geographical footprint and technology offering. This combination will unlock meaningful value for all stakeholders.”

The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018.

SEE WHAT PEOPLE ARE SAYING

Tourism

ATTN: Check out the full Australian Travel Awards shortlist

BREAKING NEWS: The Australian Travel Awards are in just two weeks time! The good news is that you can still grab tickets that aren’t next to the toilets. Or that are, if that’s your thing.

Share

CommentComments

Tourism

Flavour of the Week

The flavour of this week is a slew of new industry appointments. Delicious we think. Almost as delicious as the schnitzel we’re about to inhale.

Share

CommentComments

Travel Agents

Big Fat Agent Wrap

Surprise! It’s Friday! You know what that means. A big, fat, huge agent wrap sure to get your mind and body ready for the weekend. We’re not sure how, but it will.

Share

CommentComments

Technology

BIG WIN FOR AIRLINES: Sabre acquires Farelogix

Meanwhile, we’ve acquired a taste for espresso martinis in the morning. It’s helping us maintain our perky attitude while we drag our sorry butts into the weekend.

Share

CommentComments

Destinations

TRAVEL TRENDS: Top 10 places to go in 2019

Meanwhile, the only trend we’re following today is sneakers with jeans. Must be Friday.

Share

CommentComments

Tourism

Big Fat Aloha Friday Wrap

Aloha! It’s Friday. Meaning it’s time to learn about all the awesome Hawaii deals on offer. It also means it’s sock washing day, but that’s irrelevant to you guys.

Share

CommentComments

Travel Agents

52 Travel Agents explore Hawaii and the photos are in!

Over fifty travel agents from Australia and New Zealand discovered the best of Hawaii recently on Hawai‘i Tourism Oceania (HTO) and Hawaiian Airlines’ Experience Aloha Hawai‘i Mega Famil.

Share

CommentComments

Aviation

Airline pilots report UFO sighting over Ireland

We don’t want to alarm you, but this may be proof of an incoming alien invasion. Hopefully they hold off until Monday so we don’t have to come to work next week.

Share

CommentComments

Aviation

Hawaiian Airlines is turning 90!

We’re celebrating this huge milestone by having cake and champagne for lunch today. Ok fine, we’re actually having week-old wine and a few stale biscuits, but it’s the thought that counts.

Share

CommentComments

Tourism

Los Angeles Rams and Hawaii Tourism Authority team up to promote the Hawaiian Islands

The Los Angeles Rams and the Hawaii Tourism Authority (HTA) are kicking off a partnership to promote tourism to the Hawaiian Islands, it was announced this week.

Share

CommentComments

Destinations

Check out what’s new in Hawaii!

Thinking of going to Hawaii? Here’s all the updates on the tropical paradise!

Share

CommentComments

Aviation

This airline just dethroned Air New Zealand for Airline of the Year 2019

Meanwhile, we’ve just been dethroned from our top spot as the employee who can eat the most Tim Tams in one sitting. We still win for Iced Vovos though.

Share

CommentComments