Amex GBT Aims for $155 Million in Savings From CWT Merger

Key Points

• Amex GBT expects $155 million in net synergies over three years from its merger with CWT.
• The merger is set to close before September's end after the U.S. Department of Justice dismissed its lawsuit.
• Amex GBT saw financial growth and $3.2 billion in new customer wins, with significant gains among small- and medium-sized businesses.

Summary

Amex GBT is preparing to finalize its merger with CWT, targeting $155 million in net synergy savings over three years. The merger, which will combine two of the largest players in business travel, was cleared to proceed after the U.S. Department of Justice dropped its opposition. Amex GBT has reported financial improvements, increased customer wins—especially among small- and medium-sized businesses—and maintains a positive outlook on future demand and earnings.