Done Deal: Amex GBT Completes Acquisition of CWT

American Express Global Business Travel has completed its acquisition of CWT, a global business travel and meetings solutions provider. 

The transaction, originally announced in March 2024, values CWT at approximately $540 million on a cash-free, debt-free basis. According to Amex GBT the transaction is expected to create significant shareholder value with approximately $155 million of annual run-rate identified synergies within 3 years.

With the close of the acquisition, Amex GBT is welcoming CWT’s customers and employees to its software solutions and services for travel, expense, meetings and events. 

“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 have 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. 

Amex GBT says former CWT clients will also benefit from Amex GBT’s extensive portfolio of professional services, spanning meeting and events, consulting, and sustainability solutions. The company will provide updated full-year 2025 guidance, including the impact of the acquisition of CWT, on its next earnings call in November