M&A Deal Summary

American Express Global Business Travel Acquires Egencia

On May 4, 2021, American Express Global Business Travel acquired internet software and services company Egencia from Expedia

Acquisition Highlights
  • This is American Express Global Business Travel’s 1st transaction in the Internet Software and Services sector.
  • This is American Express Global Business Travel’s 1st transaction in the United States.
  • This is American Express Global Business Travel’s 1st transaction in Washington.

M&A Deal Summary

Date 2021-05-04
Target Egencia
Sector Internet Software and Services
Buyer(s) American Express Global Business Travel
Sellers(s) Expedia
Deal Type Divestiture

Target

Egencia

Seattle, Washington, United States
Egencia is an Internet travel agency that provided travel services exclusively to the corporate market. Egencia would offer comprehensive technology and customer solutions across every segment of business travel. Egencia was founded in 2000 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

American Express Global Business Travel

Stockholm, Sweden

Category Company
Sector Business Services
DESCRIPTION

American Express Global Business Travel is a provider of travel solutions, integrated consulting services, proprietary research, and end-to-end meetings and events capabilities.


DEAL STATS #
Overall 4 of 5
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-09 Hogg Robinson

Farnborough, United Kingdom

Hogg Robinson Ltd. is a global B2B services company specializing in travel, payments and expense management. The company helps companies, governments, and financial institutions manage and control their expenditure. The company combines high-quality service delivered by experienced staff with the very latest digital solutions based on our own technology. Hogg Robinson was formed in 1845 and is based in Farnborough, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 CWT

Minneapolis, Minnesota, United States

CWT is a global business travel and meetings solutions provider that partners with companies and governments to keep their people connected, in traditional business locations and some of the most remote and inaccessible parts of the globe. CWT is based in Minneapolis, Minnesota.

Buy $570M

Seller(S) 1

SELLER

Expedia

Seattle, Washington, United States

Category Company
Founded 1996
Sector Internet Software and Services
Employees17,100
Revenue 12.8B USD (2023)
DESCRIPTION
Expedia's corporate headquarters in Bellevue, Washington.
Expedia's corporate headquarters in Bellevue, Washington.

Expedia is an online travel company that provides business and leisure travelers with technology, tools and information to research, plan, book and experience travel. Expedia was founded in 1996 and is based in Seattle, Washington.


DEAL STATS #
Overall 4 of 6
Sector (Internet Software and Services) 4 of 5
Type (Divestiture) 1 of 3
State (Washington) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Liberty Expedia Holdings

Englewood, Colorado, United States

Liberty Expedia Holdings, Inc. principal assets consist of its interest in Expedia Group and its subsidiary Vitalize, LLC (referred to as "Bodybuilding.com"). Expedia is an online travel company, empowering business and leisure travelers with the tools and information they need to efficiently research, plan, book and experience travel. Bodybuilding is primarily an Internet retailer of dietary supplements, sports nutrition products, and other health and wellness products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 ALICE

New York, New York, United States

ALICE is an all-in-one hospitality operations platform that enables hotel staff to do their most impactful work without all the guesswork. Alice provides tools for Guest Service, Housekeeping, Maintenance, and Service Delivery with a focus on accountability and efficiency. ALICE was founded in 2013 and is based in New York City.

Sell -