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American Express Global Business Travel (GBT) announced it has signed an agreement to acquire France-based KDS, a global provider of integrated travel technology.
GBT is in the process of creating an industry-leading suite of travel services for business travelers, and the acquisition of KDS fell in line with that goal. By combining an online solution and management company, GBT would be creating the first seamless end-to-end travel experience, according to GBT Chief Commercial and Technology Officer Philippe Chereque.
KDS’ top product is Neo, which combines multi-leg, group and offline booking, reporting, as well as door-to-door and single-click booking in a consumer-grade user interface.
As part of the acquisition, KDS will be given access to a larger audience, allowing their services to be used by more companies.
American Express Global Business Travel will continue to work with and support other OBTs across global marketplaces.
GBT plans to close the transaction in the fourth quarter of 2016.