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American Express Global Business Travel Agrees to Buy Hogg Robinson Group

Patrick Whyte

Skift Take

Hogg Robinson Group has gone through a significant amount of restructuring in recent years. The board obviously thinks now is the right time to cash in.

American Express Global Business Travel has reached an agreement with UK-based Hogg Robinson Group to buy the company for up to $575 million (£411 million). The takeover of the travel management company would not include software business Fraedom, which Visa would buy for $198 million (£141.8 million) in a separate transaction. American Express GBT has offered between $1.54 (£1.10) and $1.68 (£1.20) per share. The final price depends on the Fraedom sale. Hogg Robinson’s two significant minority shareholders, Emirates-owned Dnata and investment firm Boron, which collectively own 45.62 percent of the company, have agreed to vote in favor of the takeover. Travel industry veteran John Fentener van Vlissingen, who founded BCD Travel, controls Boron. Should 75 percent of

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