Amex/Rosenbluth deal finalised
American Express announced yesterday that it has completed the purchase of Rosenbluth International.
The deal creates by far the largest travel management company in the world – the combined volume of the two companies was $18.5 billion in 2002.
Rosenbluth chairman, Hal Rosenbluth will stay on as an advisor until the integration is complete, as will Rosenbluth president and chief operating officer, Alex Wasilov.
Mr Rosenbluth said the company had signed a number of new clients since the initial announcement about the acquisition. These new signings will be taken on by the combined company. A spokeswoman said she expected the Rosenbluth name to disappear gradually.
American Express group president, Ed Gilligan said: “Our cultures are more alike than they are different and we plan to combine the best elements of each company. As one organisation we can provide even better service and more dynamic solutions, as well as deliver to clients the savings benefits that come with economies of scale.”
Read our previous stories:
16-July-2003 Amex to buy Rosenbluth
17-June-2002 Amex row with BA is “dangerous”, says rival
26-March-2002 Amex launches corporate events card in UK
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025