American Express Global Business Travel (Amex GBT) today announced that it has completed its acquisition of CWT, a global business travel and meetings solution provider.

The transaction, originally announced in March 2024, values CWT at approximately $540 million USD on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments.

“Today marks the start of an exciting relationship with CWT customers. We will listen, build trust and deliver the choice, value and service they expect,” said Paul Abbott, CEO of Amex GBT. “This acquisition will generate greater investment capacity for our software and services and is expected to create significant shareholder value through efficiency gains.”

CWT customers now gain access to Amex GBT’s suite of proprietary travel and expense software solutions, including NEO and Egencia, as well as Select, which enables seamless integration with leading technology partners. They also benefit from Amex GBT’s extensive portfolio of professional services, spanning meetings and events, consulting, and sustainability solutions.

Amex GBT, which is operated by Global Business Travel Group, Inc., will provide updated full-year 2025 guidance, including the impact of the acquisition of CWT, on its next earnings call in November.

*This release contains forward-looking statements.

About Amex GBT and CWT

American Express Global Business Travel is a leading software and services company for travel, expense, and meetings & events. Its services and solutions are delivered by travel professionals and business partners in more than 140 countries.

CWT is a global business travel and meetings solutions provider, with whom companies and governments partner to keep their people connected, in traditional business locations and some of the most remote and inaccessible parts of the globe. Prior to being acquired by Amex GBT, it was a private company majority owned by funds affiliated to Redwood Capital Management and Monarch Alternative Capital amongst others.