American Express Acquires Finnair Subsidiary Agent SMT

American Express Global Business Travel (GBT) has signed an agreement to acquire SMT, a travel- management company based in Finland and a subsidiary of Finnair. SMT has been a GBT network partner for 27 years. When the transaction completes later this year, the company and its staff will formally join the GBT family.

SMT was formed in 2013 after the merger of the two largest Finnish-owned business travel agencies, Area Travel Agency and Finland Travel Bureau. The company provides travel management and meeting and event services to customers throughout Finland.

GBT plans to close the transaction in the third quarter of 2016.