American Express Global Business Travel Acquires Ovation Travel Group

American Express Global Business Travel Agrees to Acquire Egencia from Expedia Group

May 4, 2021

Professional Services

American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, the corporate travel arm of Expedia Group, bringing Egencia into GBT’s business travel platform. As part of the proposed deal Expedia Group would take a shareholder stake in GBT and enter a long-term commercial agreement to power Egencia, subject to employee consultations and customary regulatory approvals.

American Express Global Business Travel (GBT) to Go Public via Business Combination with Apollo Strategic Growth Capital

December 3, 2021

IT Services

American Express Global Business Travel (GBT) entered into a definitive business combination agreement with special purpose acquisition company Apollo Strategic Growth Capital (APSG) to create a large publicly traded B2B travel platform. The transaction is expected to provide up to $1.2 billion of gross proceeds (including an upsized $335 million PIPE) and is anticipated to close in the first half of 2022, subject to customary conditions.

TicketManager Acquires Ovations (Ovations Management Solutions)

June 3, 2025

Cloud & SaaS

TicketManager acquired substantially all assets of Ovations (Ovations Management Solutions), a corporate ticketing and hospitality platform, adding top-tier enterprise customers and team members to its platform. The deal strengthens TicketManager’s position in corporate ticket and guest management by expanding its customer base and integrating Ovations’ hospitality technology and services.

Amex GBT Acquires CWT for Approximately $540–$570 Million

March 25, 2024

IT Services

American Express Global Business Travel (Amex GBT) agreed to acquire CWT, a global business travel and meetings solutions provider, valuing CWT at about $570 million on a cash-free, debt-free basis. The transaction was later amended to a revised valuation of approximately $540 million and is funded with a mix of stock and cash; Amex GBT ultimately completed the acquisition.

Oakley Capital Acquires Majority Stake in Globe-Trotter

March 4, 2020

Consumer Products

Oakley Capital has agreed to acquire a majority stake in Globe-Trotter Group, the British luxury luggage maker, from entrepreneur Toshiyasu Takubo, who will retain a minority holding. Oakley said it will back Globe-Trotter’s international expansion and product innovation, leveraging online and offline channels and its consumer-brand expertise to grow the luxury travel luggage business.

Northstar Travel Group Acquires Buying Business Travel from Panacea Media

October 7, 2019

Media & Entertainment

Northstar Travel Group acquired Buying Business Travel from Panacea Media to expand its UK and European presence in the corporate travel media market. The acquisition brings Buying Business Travel's magazine, events and awards portfolio under Northstar's BTN Group to complement Northstar's existing business travel brands and events.