Amex GBT and CWT to Buy CWT

Amex GBT and CWT to Buy CWT

PYMNTS.com

American Express Global Business Travel (Amex GBT) agreed to acquire global business travel and meetings solutions provider CWT for $570 million. The planned acquisition would offer CWt’s 4,000 customers access to the Amex GB ecosystem and create about $850 million in revenue, the companies said in a Monday (March 25) press release. AmexGBT supplies B2B software and services for travel, expense, and meetings.

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