Amex GBT to take over at Hogg Robinson

American Express Global Business Travel is to acquire Hogg Robinson Group (HRG), the global travel management firm, conditional on receipt of antitrust and other regulatory approvals.
If approvals come through, the deal (its value is dependent on share prices but could be close to A$900 million) is expected to close in the second quarter of 2018.
 
Doug Anderson, chief executive, American Express GBT said: “The complementary geographical footprints of each company will improve the global scale and reach of our business, enabling us to achieve efficiencies across a best-in-class platform and accelerate growth.
 
“We will deliver a superior client and traveller experience through fully-integrated travel management solutions, including booking and expense management products.”
 
David Radcliffe, chief executive HRG said: “I am particularly excited and heartened by American Express GBT’s reassurance that it will be utilising the best talent and technology from within both organisations to create a truly world-class, leading-edge organisation, which will bring benefits to our clients, colleagues and supplier partners alike.”
 
Meanwhile, HRG plans to sell its Fraedom payments software business to Visa in a deal worth GBP141 million.

 

Amex GBT to take over at Hogg Robinson

American Express Global Business Travel is to acquire Hogg Robinson Group (HRG), the global travel management firm, conditional on receipt of antitrust and other regulatory approvals.
If approvals come through, the deal (its value is dependent on share prices but could be close to A$900 million) is expected to close in the second quarter of 2018.
 
Doug Anderson, chief executive, American Express GBT said: “The complementary geographical footprints of each company will improve the global scale and reach of our business, enabling us to achieve efficiencies across a best-in-class platform and accelerate growth.
 
“We will deliver a superior client and traveller experience through fully-integrated travel management solutions, including booking and expense management products.”
 
David Radcliffe, chief executive HRG said: “I am particularly excited and heartened by American Express GBT’s reassurance that it will be utilising the best talent and technology from within both organisations to create a truly world-class, leading-edge organisation, which will bring benefits to our clients, colleagues and supplier partners alike.”
 
Meanwhile, HRG plans to sell its Fraedom payments software business to Visa in a deal worth GBP141 million.