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.
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.
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