American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, Expedia Group\u2019s corporate travel arm. As part of the transaction, Expedia Group would become a shareholder in, and enter a long-term strategic commercial agreement with, GBT.<\/p>\n\n\n\n
The deal would bring Egencia, a leading digital travel management company, into the GBT family. GBT would continue to invest in the Egencia brand, its people and technology, as part of the world\u2019s leading business travel platform.<\/p>\n\n\n\n
Paul Abbott, GBT\u2019s CEO, said: \u201cOur strategy is to provide customers with unparalleled choice by having the best solutions for each managed travel segment that we serve. In Egencia, we would welcome the industry\u2019s leading digital business travel platform.<\/p>\n\n\n\n
\u201cEgencia would be strengthened by GBT\u2019s complementary technology, enterprise capabilities and cutting-edge content. This would create new opportunities for both multinational and small and medium-sized enterprise (SME) clients, suppliers and the talented teams within both organizations.\u201d<\/p>\n\n\n\n
Together, GBT and Egencia would offer comprehensive technology and customer solutions across every segment of business travel. Teaming Egencia with GBT\u2019s Supply MarketPlace, one of the most comprehensive sources for content and experiences for business travelers, would give customers more choice and suppliers more access to business travelers.<\/p>\n\n\n\n
Meanwhile, with both the Egencia platform and GBT\u2019s Neo Technology Group, the business would be positioned to build the best solutions for the future of business travel.<\/p>\n\n\n\n
President of Expedia Business Services Ariane Gorin said: \u201cWe are thrilled by the potential transaction and what GBT and Egencia could achieve together, as Expedia Group seeks to simplify our business and be a leader in all of our endeavours. The combination of GBT\u2019s leading solutions with Egencia\u2019s great technology and team would help create the world\u2019s best business travel offerings for customers and suppliers.<\/p>\n\n\n\n
\u201cAt the same time, a greatly expanded, long-term accommodations supply agreement with Expedia Partner Solutions (EPS) would enhance GBT\u2019s Supply MarketPlace and meaningfully further Expedia Group\u2019s goal of powering businesses across the entire eco-system.<\/p>\n\n\n\n
\u201cExpedia Group strongly believes in the robust return of travel, including in the corporate space. We\u2019re excited about our potential ownership in GBT and our long-term arrangement to power Egencia and GBT, as we do for thousands of other travel companies,\u201d Gorin added.<\/p>\n\n\n\n
The proposed deal is subject to consultation by Expedia Group and Egencia with their applicable employee representatives, as well as customary closing conditions including regulatory approvals.<\/p>\n\n\n\n
Source: Amex Global Business Travel<\/p>\n","protected":false},"excerpt":{"rendered":"
American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, Expedia Group\u2019s corporate travel arm. As part of the transaction, Expedia Group would become a shareholder in, and enter a long-term strategic commercial agreement with, GBT. The deal would bring Egencia, a leading digital travel management company, into the GBT family. […]<\/p>\n","protected":false},"author":1,"featured_media":2036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Amex Global Business Travel acquires Egencia from Expedia #Expedia #Amex #traveltechnology #Egencia","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[27,5],"tags":[312,131],"class_list":["post-2960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-americas","category-technology","tag-american-express-travel","tag-expedia"],"yoast_head":"\n