American Express GBT acquires Finnish corporate travel agency

American Express Global Business Travel (GBT) is to acquire SMT, a Finland-based travel management company and subsidiary of Finnair.

American Express GBT acquires Finnish corporate travel agency
American Express GBT acquires Finnish corporate travel agency

SMT has been a partner within the GBT network for 27 years, but when the transaction completes later this year the company and its staff will formally join American Express.


See also:

AMEX Global Business Travel appoints head of global business consulting

Business travellers view security as number one priority, says AMEX


SMT was first formed in 2013 after the merger of the two largest Finnish-owned business travel agencies, Area Travel Agency and Finland Travel Bureau. The company provides travel management and meetings and event services to customers throughout Finland.

Steven Curts, GBT’s chief strategy officer, said the acquisition was an ‘important step’ in the evolution of GBT’s global business. "At GBT, we are focused on improving our customer experience, offerings and footprint through acquisitions, partnerships and organic growth. The purchase of SMT is an exciting milestone on this strategic journey."

Elyes Mrad, GBT’s managing director, EMEA, said: "SMT has a customer-centric approach to business and is driven by a passion for delivering superior customer service. This, of course, is underpinned by its profound knowledge of the Finnish marketplace. It is a natural fit with GBT. Companies and organisations in Finland and around the world will continue to benefit from SMT’s local expertise, and the advantages of GBT’s global scale and access."

GBT plans to close the transaction in the third quarter of 2016.

More:

AMEX launches new app for pharmaceutical meetings

Carlsberg appoints American Express as global travel management partner

In The Spotlight: José Antonio Ruiz, American Express Meetings & Events

• For more breaking news, in-depth features and case studies, sign up to C&IT Magazine's daily Newstracker here

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Case study: PPA Festival at Tobacco Dock

Case study: PPA Festival at Tobacco Dock

The Professional Publishers Association held an education festival in May 2018 with guest speakers including politicians and actors.

Loganair to take over cancelled Flybmi routes

Loganair to take over cancelled Flybmi routes

Glasgow-based company Loganair has stepped in start flying five of Flybmi's routes from next month.

How to increase your sustainability credentials

How to increase your sustainability credentials

Sustainability can be achieved with simple actions, says Elizabeth Thomas from the International Corporate Governance Network.

London venues hosted 37% more events in 2018

London venues hosted 37% more events in 2018

Year-on-year increase from Unique Venues of London shows strong demand for events in the capital.

Why you should design human-centric experiences

Why you should design human-centric experiences

At EMEC19 in The Hague, Kim Myhre of MCI Experience gave an insightful talk on design-thinking in events.

New event producer for HGA

New event producer for HGA

Becky Jones-Williams has previously worked at Event Concept and will work for clients in a range of sectors.

Stagestruck adds event producer to team

Stagestruck adds event producer to team

Sarah Saward is joining the business as a group account director, with responsibility for a portfolio of blue-chip clients.

Incentive review: Club Med Plantation d'Albion

Incentive review: Club Med Plantation d'Albion

With dinner and champagne on a paradise beach, the white sands and the turquoise coral sea ocean of Mauritius are hard to beat.

Premier Events acquires Collective Minds

Premier Events acquires Collective Minds

Acquisition of Leicester-based events agency is part of growth plan to reach £5m turnover and 50 staff.

3 reasons to run wellness incentives

3 reasons to run wellness incentives

Endellion King, incentives account director at Top Banana, makes the business case for incorporating wellness into incentives.

LATEST JOBS