American Express Global Business Travel (GBT) has successfully completed the acquisition of Egencia.
Teaming Egencia with GBT’s Supply MarketPlace will provide customers with more value and choice and offers suppliers enhanced access to business travellers.
Paul Abbott, GBT’s CEO, said: “Bringing GBT and Egencia together will create a winning formula that will define the future of travel. We will provide unrivalled value, choice and experiences to customers. Unrivalled value because together we’ll have the best content and deliver the best savings. Unrivalled choice because no one comes close to the breadth and depth of solutions we will offer. And unrivalled experiences because we have the best people and technology in the industry.”
As part of the transaction, Expedia Group has become a shareholder in GBT. Expedia has also entered into a long-term agreement to provide accommodations supply to GBT.
Mark Hollyhead, president of Egencia, said: “Becoming part of an organisation totally focused on business travel will accelerate Egencia’s growth and amplify what we do best – offer technology-driven solutions that address the ever-evolving needs of business travel and its many stakeholders.”
With the close of the transaction, Hollyhead will continue to lead the Egencia business reporting directly to AMEX GBT’s CEO Paul Abbott and will join GBT’s executive leadership team.