American Express Global Business Travel (AMEX GBT) has completed the acquisition of German company DER Business Travel (DER BT).
Elyes Mrad, AMEX GBT’s senior vice president and managing director, international, said: "DER Business Travel has been a highly-regarded travel management company in Germany for many years.
"The acquisition expands GBT’s footprint into the small and mid-sized client segment in Germany, and is positive news for DER BT’s clients. While they will continue to benefit from local servicing expertise, access to GBT’s global reach, scale and end-to-end travel and expense eco-system will bring many opportunities."
The DER BT brand will remain in place for now and the terms of the acquisition remain undisclosed.
GBT has focused on extending its global reach and scale with several acquisitions, including the purchase of the Hogg Robinson Group (HRG) in July 2018.
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