Major consolidation of the business travel sector was revealed today in a deal to merge two of the top-three travel management companies (TMCs) in the world, American Express Global Business Travel and Hogg Robinson Group.
HRG is valued by American Express GBT at up to £410 million, with the deal expected to go through in the second quarter of the year subject to regulatory approval.
Details of the leadership of the combined businesses have yet to be announced. However, a statement to investors said the combined business would use “the best available talent from both Hogg Robinson and GBT”.
It is understood to be undecided whether the HRG name will continue.
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