NEW YORK — Amex GBT has completed its acquisition of a global business travel and meetings solutions provider CWT.

The transaction, originally announced in March 2024, values CWT at approximately US$540 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments.

With the close of the acquisition, Amex GBT welcomes CWT’s customers and employees to its leading 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 clients now have access to Amex GBT’s suite of proprietary travel and expense software solutions, plus Amex GBT’s portfolio of professional services, spanning meeting and events, consulting and sustainability solutions.