American Express to buy Hogg Robinson Group
American Express Global Business Travel is to buy Hogg Robinson Group (HRG) in a deal that is expected to complete by mid-2018.
The companies say 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 providing additional benefits to clients; combine technology and development platforms; deliver synergies through cost savings and scale as well as maximise efficiency.
American Express GBT CEO Doug Anderson 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."
HRG CEO David Radcliffe added: "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."
The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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