25 March 2024
Amex GBT to buy rival CWT in $570m deal
Acquisition will bring together two of the world’s largest travel management companies
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26 March 2024
Amex GBT expects $5bn SME boost from CWT acquisition
Major TMC deal will still face scrutiny from regulators on both sides of the Atlantic
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10 April 2024
Interview: Paul Abbott, CEO, American Express Global Business Travel
Amex GBT's planned acquisition of CWT will create a business travel behemoth. BTN Europe spoke to the travel management company's chief executive Paul Abbott shortly after the deal was announced
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4 June 2024
UK competition watchdog to investigate Amex GBT-CWT deal
The CMA will look at the impact of the $570 million TMC acquisition
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30 July 2024
CMA identifies competition concerns with Amex GBT-CWT deal
UK's competition regulator says merger could lead to businesses paying higher prices
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12 August 2024
CMA confirms ‘in-depth’ probe into Amex GBT-CWT deal
Panel formed by UK regulator to assess impact of $570m TMC acquisition
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15 August 2024
Interview: Patrick Andersen, president and chief executive officer, CWT
BTN Europe spoke with CWT president and chief executive officer Patrick Andersen at the GBTA Convention in Atlanta
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4 October 2024
Amex GBT and CWT challenge CMA's merger investigation findings
Joint statement from TMCs refutes multiple findings of merger investigation
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7 November 2024
CMA phase 2 investigation raises competition concerns in Amex GBT-CWT merger
Amex GBT “fundamentally disagrees” with the findings
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25 November 2024
Amex GBT proposes remedies to help push through CWT deal
Series of measures could help to allay UK regulator’s competition concerns
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9 January 2025
DOJ to challenge Amex GBT-CWT merger in the US
US Justice Department is reportedly preparing a lawsuit to block the $570m deal, while the CMA's investigation continues
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10 January 2025
Amex GBT & CWT criticise findings and process of CMA's interim report
Parties’ latest rebuttal, submitted to the regulator in November, was made public today
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13 January 2025
US DOJ files lawsuit to block Amex GBT acquisition of CWT
Suit alleges deal would harm competition for global and multinational clients
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16 January 2025
Amex GBT refutes ‘politically motivated' DOJ antitrust lawsuit
The travel management company has criticised the DOJ's claims as "completely inaccurate"
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16 January 2025
CMA delays final decision on $570M Amex GBT-CWT deal
Competition authority to review results of customer survey commissioned by Amex GBT
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28 January 2025
US judge schedules Amex GBT-CWT merger trial for September
TMCs request to hold the hearing earlier in the year has been rejected
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18 February 2025
CMA U-turn provides provisional green light for Amex GBT-CWT deal
UK regulator changes its position on the impact of the TMC mega-merger
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27 February 2025
Norwegian TMC Berg-Hansen slams CMA U-turn on Amex GBT-CWT deal
Statement claims CMA's change in stance is based on "speculative and tendentious" arguments
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6 March 2025
Amex GBT-CWT deal approved by CMA
The $570 million acquisition still subject to DOJ in the United States
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