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

Travel DAZE to Kick Arse on September 3!

BREAKING: The industry’s favourite travel forum is back for another year – and less than two weeks away! Oh, and Bruce Poon Tip is speaking, so we’d get your tickets fast if we were you.

Share

CommentComments

Wholesalers

Big Fat Wholesaler Wrap

If you’re thinking of booking a holiday, this wholesaler wrap is just the thing. It’s also perfect if you want to feel extra sad about being in the office today instead of at one of these places.

Share

CommentComments

Tourism

Qantas debuts new campaign starring Hugh Jackman

Is that strong coffee just not getting you in the mood for work this Monday morning? Have a helping of Hugh Jackman instead. You’re welcome.

Share

CommentComments

Travel Agents

TravelManagers partners up with Luxury Escapes

by Ali Coulton

Our wandering scribe managed to file this story in between luaus from the TravelManager’s annual conference in Hawaii

Share

CommentComments

Travel Agents

INDUSTRY FIRST: TravelManagers to provide free mental health support

We’ve been applauding TravelManagers’ amazing new initiative from our desk all morning. Which is a departure from our normal Monday routine of sleeping on it.

Share

CommentComments

Travel Agents

AMAZING RACE: This is how all famils should be run!

Sipping mai tais, crashing wedding photos AND paying for strangers laundry? Sounds eerily similar to the end results of a Travel Weekly staff party.

Share

CommentComments

Tourism

Lombok suffers another devastating earthquake

Another earthquake has struck the Indonesian island of Lombok, hitting the tourist hotspot two weeks to the day after a quake which killed more than 480 people.

Share

CommentComments

Hotels

L.A’s top hotels launch “Endless Summer” promotion

Coincidentally, we’re getting our own glimpse of summer by looking at the colour of our bright blue freezing cold hands. Close enough, right?

Share

CommentComments

Tourism

The 10 simple steps to successful business

by Tammy Marshall

Have you walked nine steps with your business and are still not finding success? Walk no longer, the tenth lies within.

Share

CommentComments

Aviation

Flight review: Hawaiian Airlines Extra Comfort SYD-HNL

Travel Weekly roadtested Hawaiian Airlines’ Extra Comfort option. Though that’s not to say we piloted the plane from there, we were much too comfy for anything that strenuous.

Share

CommentComments

Tourism

Here’s how to avoid common travel insurance traps

We chatted with Finder.com.au’s insurance expert Richard Laycock to bring you some great tips and tricks about how to cut through jargon and decipher the fine print.

Share

CommentComments

Aviation

These are the best dates to book flights for the festive season

There’s nothing more stressful than trying to book flights for the festive period. Except for Christmas shopping, cooking the Christmas roast, and just about every other aspect of the silly season.

Share

CommentComments