Amex GBT Finalizes Acquisition of CWT, Enhancing Travel Solutions and Customer Offerings
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American Express Global Business Travel has completed its acquisition of CWT, valued at approximately $540 million. This acquisition enhances Amex GBT's travel, expense, and meetings solutions, welcoming CWT’s customers and employees. The deal is expected to generate $155 million in annual synergies within three years and improve Amex GBT’s investment capacity. CWT customers will gain access to Amex GBT’s software solutions. Updated guidance for 2025 will be provided in the next earnings call in November.
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