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American Express GBT to acquire Hogg Robinson Group

Travel management company set to acquire HRG for a reported £400 million

Pictured: Doug Anderson

American Express Global Business Travel (GBT) is to acquire Hogg Robinson Group (HRG) in a reported £400 million deal.

The travel management company acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the next few months.

Doug Anderson, chief executive officer at 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 at 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.”

HRG has also signed a separate £141m deal to sell its payments software subsidiary Fraedom to Visa.

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