HRG acquired by American Express GBT

Travel management specialists HRG bought by American Express Global Business Travel for a reported £400m.

American Express Global Business Travel (GBT) has announced it will acquire Hogg Robinson Group (HRG) PLC, with completion of the acquisition expected in the second quarter of 2018.

A statement from American Express GBT said that both companies have made significant investments in people and technology in recent years, and the combined group will offer clients and travellers a more comprehensive range of travel management products and services.

The takeover is valued at £400m, according to newspaper City AM.

Doug Anderson, chief executive officer, 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.

"The technology roadmaps of each business provide a powerful platform from which to drive future innovation. 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 officer, HRG, said: "This transaction represents a good deal for shareholders and stakeholders. 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." 

Greg O’Hara, chairman of the board, American Express GBT, said: "The board directors of GBT strongly endorses the acquisition of Hogg Robinson. Significant customer, operational and financial benefits are expected." 

For more features and breaking news 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

Mark Williams recommends

Q&A on the WRG - Axiom merger

Read more
Hawker Union venue opens near Alexandra Palace

Hawker Union venue opens near Alexandra Palace

The derelict warehouse has been transformed into a modern food market available for private hire.

Bridging the gap between physical events and digital analytics

Bridging the gap between physical events and digital analytics

A data-driven approach can give you insight into visitor behaviour that hasn't been possible before now.

One&Only Nyungwe House opening in Rwanda

One&Only Nyungwe House opening in Rwanda

Luxury resort on the edge of the Nyungwe rainforest in central Africa will welcome guests from October.

Download the full State of the Industry: Incentives Report 2018

Download the full State of the Industry: Incentives Report 2018

Ahead of next week's gradual release of our Agency Report, you can now download the Incentives Report in full.

Q&A: Disney's former VP of innovation & creativity

Q&A: Disney's former VP of innovation & creativity

Duncan Wardle, one of the keynote speakers at IBTM World in Barcelona this year, shares his views on creative thinking.

DMC Network partners with Costa Rica

DMC Network partners with Costa Rica

Central American nation of Costa Rica has rainforests, mountains and coastlines on the Caribbean and Pacific.

Download the full State of the Industry: Associations Report 2018
TEN6 Creative welcomes new team members

TEN6 Creative welcomes new team members

Agency has added a business manager and key account manager to its team after a year of growth.

Taking care of the health and wellbeing of your team

Taking care of the health and wellbeing of your team

Not emailing colleagues outside of working hours was one topic discussed by the panel at our Agency Forum.

Case study: Double Fantasy exhibition launch at Museum of Liverpool

Case study: Double Fantasy exhibition launch at Museum of Liverpool

Guests were treated to John Lennon themed cocktails including Juicy in the Sky With Diamonds and ImaGIN.

LATEST JOBS