American Express GBT is continuing to consolidate its position in the business travel market. TMC has just acquired Ovation Travel Groupfor an undisclosed sum. Present in around a hundred countries around the world - and with 30 offices in the United States and the United Kingdom - the Ovation Travel group has more than 700 employees and some 200 independent travel consultants, managing the travel of around 300,000 travellers. After 36 years in business, Ovation Travel is now part of American Express GBT, and with it the group's various brands, including Lawyers Travel. According to initial information revealed by American Express GBT, these brands will remain in place, and Ovation Travel Group employees will join a division of GBT's Global Customer Partnerships structure, with the same management team.
" Despite the pandemic, GBT continues to implement its strategy of organic growth and acquisitions in the US small and medium-sized enterprises (SMEs) segment "says Eric Bock, GBT's Global Head of Mergers and Acquisitions. " This acquisition adds a strong asset and business that will enhance the service and capabilities we offer customers. ".
" This acquisition comes at a very difficult time for the sector, and our employees at GBT and Ovation Travel Group are keeping up the pace despite an uncertain environment. "says Paul Abbott, GBT's Chief Executive Officer. He asserts that integration into the Amex GBT group promises a number of advantages for the agency's customers, pointing in particular to " access to GBT's exclusive technology platform and Supply MarketPlace, as well as to our products, data confidentiality, cybersecurity and environmental, social and governance (ESG) standards ".
