M&A Deal Summary

American Express Global Business Travel Acquires SMT Travel Agency

On May 23, 2016, American Express Global Business Travel acquired transportation company SMT Travel Agency from Finnair

Acquisition Highlights
  • This is American Express Global Business Travel’s 1st transaction in the Transportation sector.
  • This is American Express Global Business Travel’s 1st transaction in Finland.

M&A Deal Summary

Date 2016-05-23
Target SMT Travel Agency
Sector Transportation
Buyer(s) American Express Global Business Travel
Sellers(s) Finnair
Deal Type Divestiture

Target

SMT Travel Agency

Vantaa, Finland
SMT Travel Agency is a travel management company. It offer all sizes of companies and organizations tailor-made travel and event management, and develop e-services to the needs of Finnish companies.

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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 1 of 5
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Finland M&A 1 of 1
Year: 2016 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 KDS SAS

Paris, France

KDS SAS is a global provider of integrated travel technology.

Buy -

Seller(S) 1

SELLER

Finnair

Vantaa, Finland

Category Company
Founded 1923
Sector Airlines
Employees5,942
Revenue 3.0B EUR (2024)
DESCRIPTION

Finnair is an operator of airlines, focusing on traffic between Europe and Asia. Finnair was founded in 1923 and is based in Vantaa, Finland.


DEAL STATS #
Overall 3 of 3
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: Finland M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Northport Norway A/S

Gardemoen, Norway

Northport Norway A/S is a provider of ground handling services to the aviation industry. The company offers passenger check-in, aircraft fuelling and cleaning, ticketing, station controlling, and technical services.

Sell -