Amex GBT Is Exploring a Sale

Key Points

• Amex GBT is reportedly considering a sale just months after acquiring CWT, amid struggles on the stock market.
• Potential buyers include both private equity and strategic companies such as Expedia, SAP Concur, and technology firms like Google.
• The company's recent merger with CWT aimed to generate $155 million in savings, but there's no certainty a sale will occur.

Summary

Amex GBT, the world's largest travel management company, is reportedly exploring a potential sale only months after acquiring CWT. The move comes as the company faces challenges in the stock market since going public in 2022, leading it to hire advisors to consider possible buyers, including major industry players and tech firms. While the company expects significant synergies from its recent merger, there is no guarantee that this exploration will result in a sale.