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On the Record · Global Business Travel Group

Global Business Travel Group acquisitions, on the record

The businesses Global Business Travel Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
SMT
Word for word“SMT was our long-time service delivery partner in Finland and became our proprietary operation in October 2016.” 10-K for 2023
acquisitionOctober 2016—
KDS
Word for word“KDS, which we acquired in October 2016, strengthened our platform and digital capabilities in two key areas: (i) KDS’ flagship Neo Online Booking Tool and Expense platform (“Neo”) provides us with our own leading edge platform to engage with and delight travelers through digital channels; and (ii) KDS’ development group, relaunched as our Neo Technology Group (“NTG”), is part of our dedicated center of excellence for digital and ecommerce innovation supporting all our group offerings.” 10-K for 2023
acquisitionOctober 2016—
Banks Sadler
Word for word“We acquired Banks Sadler in August 2017.” 10-K for 2023
acquisitionAugust 2017—
Remaining 35% equity stake in business in Spain, held by joint-venture partner an affiliate of Barcelo Hotel Group
Word for word“In December 2017, we acquired the remaining 35% equity stake in our business in Spain that was previously held by our then joint-venture partner, an affiliate of Barcelo Hotel Group.” 10-K for 2023
acquisitionDecember 2017—
Hogg Robinson Group Limited (HRG)
Word for word“In July 2018, we completed the acquisition of Hogg Robinson Group Limited (“HRG”), a global B2B services company specializing in travel management.” 10-K for 2023
acquisitionJuly 2018—
DER Business Travel (DER)
Word for word“In September 2019, we completed the acquisition of DER Business Travel (“DER”).” 10-K for 2023
acquisitionSeptember 2019—
30 Seconds to Fly (30STF)
Word for word“Our acquisition of 30 Seconds to Fly (“30STF”) in October 2020 was an important investment in artificial intelligence (“AI”) and machine learning enabled traveler service.” 10-K for 2023
acquisitionOctober 2020—
Ovation Travel, LLC (Ovation, Ovation Vacations and Lawyers Travel brands)
Word for word“In January 2021, we completed the acquisition of Ovation Travel, LLC, which includes Ovation, Ovation Vacations and Lawyers Travel brands (collectively "Ovation").” 10-K for 2023
acquisitionJanuary 2021—
Egencia business from Expedia Group, Inc.
Word for word“The acquisition of Egencia was consummated on November 1, 2021.” 10-K for 2023
acquisitionNovember 1, 2021—
Hogg Robinson Group Limited
Word for word“The acquisition of Hogg Robinson Group Limited, a global B2B services company specializing in travel management, complemented our geographical footprint with the ability to offer enhanced service to our clients in key regions, and broadened our product and technology capabilities.” 10-K for 2024
acquisition——
30 Seconds to Fly
Word for word“We added artificial intelligence ("AI") and machine learning capabilities to our portfolio in 2020 when we acquired 30 Seconds to Fly.” 10-K for 2024
acquisition2020—
Ovation Travel, LLC
Word for word“With the acquisition in 2021 of Ovation Travel, LLC, which includes Ovation, Ovation Vacations and Lawyers Travel brands (collectively "Ovation") we were able 4 to add a high-touch service.” 10-K for 2024
acquisition2021—
Egencia from Expedia Group, Inc.
Word for word“Most recently, with the consummation of the 2021 acquisition of Egencia from Expedia Group, Inc. ("Expedia"), we substantially enhanced our capabilities with Egencia's software solution specifically built for "digital-first" clients who want a seamless program that delivers full traveler tools and control at a lower cost.” 10-K for 2024
acquisition2021—
CWT Holdings, Inc. ("CWT")
Word for word“In March 2024, we entered into an Agreement and Plan of Merger with CWT Holdings, Inc. which was subsequently amended on January 17, 2025.” 10-K for 2024
agreed acquisitionMarch 2024—
CWT
Word for word“In September 2025, we completed the acquisition of CWT, offering approximately 2,000 clients access to Amex GBT’s suite of proprietary travel and expense software solutions, as well as strengthening our offerings in key industry verticals including Government, Defense and Military and Energy Mining and Marine.” 10-K for 2025
acquisitionSeptember 2025—
Egencia
Word for word“With our 2021 acquisition of Egencia from Expedia Group, Inc., we substantially enhanced our capabilities with Egencia’s software solution specifically built for “digital-first” clients who want a seamless program that delivers full traveler tools and control at a lower cost.” 10-K for 2025
acquisition2021—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2021-12-31—$343 million
2023-12-31$0—
2024-12-31$0—
2025-12-31$104 million—

Deal filings since 2016

Read from Global Business Travel Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-09. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.