AmEx GBT Expands in Germany

private equity investment
Photo by Natee Meepian/Getty Images

American Express Global Business Travel (GBT) reports that it has completed its acquisition of DER Business Travel (DER BT), a travel management company based in Germany

In a written statement GBT Senior Vice President and Managing Director, International Elyes Mrad said that the acquisition expands GBT’s footprint into the small and mid-sized client segment in Germany, combining GBT’s scale and technology with DER BT’s expertise and relationships in Germany.

“DER Business Travel has been a highly regarded travel management company in Germany for many years,” Mrad said.  


Like this story? Subscribe to Daily News & Deals!

Featuring breaking news on the latest product launches, deals, sales promotions, and executive appointments. Be sure to sign-up for this free industry daily newsletter.

In its statement announcing the close of the acquisition, GBT said that the DER BT brand will remain in place for “the time being.” The terms of the deal were not disclosed. 

GBT was created in 2014 as a joint venture partnership between American Express and an investor group led by Certares. The business has focused on extending its global reach and scale with several strategic acquisitions, including the purchase in July 2018 of the Hogg Robinson Group (HRG). Currently, the organization comprises 17,000 travel professionals in more than 140 countries. GBT said that it will continue to look for further opportunities to grow. 

Related Stories

Stats: Millennial Workforce to Reshape Business Travel

Select MacBook Pros Grounded Following Battery Recall

Apple Leisure Group Names Alejandro Reynal as New CEO

Travel Agents Added to "Professional Services" Exemption in California AB 5

Suggested Articles:

From July to August, there was a sizable increase in the number of advisors who believe promotional offers would impact booking decisions.

Camp Aramoni is located on 96 acres of forest and wildlife terrain along the Vermilion River. Here's what guests can expect.

The property’s grand opening date was announced at an event featuring property partners and investors at the porte-cochere. Here's what to expect.