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Expedia sells Egencia to American Express Global Business Travel

A deal that was perhaps unlikely just 12 months ago: American Express Global Business Travel is to buy Expedia Group’s corporate travel division Egencia.

Terms of the agreement have not been disclosed.

Expedia Group will become a shareholder in Amex GBT and part of the agreement will see the pair enter a long-term strategic partnership.

The proposed deal is subject to consultation by Expedia Group and Egencia with employee representatives, as well as customary closing conditions, including regulatory approvals.

Amex GBT says it will “continue to invest in the Egencia brand, its people and technology, as part of the world’s leading business travel platform.”

Amex GBT CEO Paul Abbott says: “Our strategy is to provide customers with unparalleled choice by having the best solutions for each managed travel segment that we serve. In Egencia, we would welcome the industry’s leading digital business travel platform.

“Egencia would be strengthened by GBT’s…

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