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February 9, 2018

American Express GBT Acquires Hogg Robinson




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American Express Global Business Travel (GBT) has announced it will acquire Hogg Robinson Group (HRG) PLC, in a recommended all-cash acquisition of the entire issued, and to be issued, ordinary share capital. The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018, American Express GBT said.

Both American Express GBT and HRG have made significant investments in people and technology in recent years, American Express GBT said. The combined group will offer clients and travelers a more comprehensive range of travel management products and services. The acquisition is expected to:

  • Accelerate growth by utilizing 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 travelers
  • Deliver synergies through cost savings and scale benefits; and
  • Leverage each company’s existing infrastructure and technology capabilities to maximize efficiencies across the business

In a written statement 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…The technology roadmaps of each business provide a powerful platform from which to drive future innovation.”

Greg O’Hara, Chairman of the Board, American Express GBT, said: “Significant customer, operational and financial benefits are expected. This will enable the Combined Group to focus on additional value creation for customers and the marketplace, while generating new efficiency and growth opportunities for the business. Customers and travellers will benefit from the Combined Group’s complementary geographical footprint and technology offering.”

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

 


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