Last updated 1 August 2025
This article charts the evolution of Amex GBT's acquisition of CWT as reported by BTN Europe, starting with the initial announcement of the planned deal at the top of the page, through to the most recent developments at the bottom.
25 March 2024?
Amex GBT to buy rival CWT in $570m deal?
Acquisition will bring together two of the world¡¯s largest travel management companies
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26 March 2024?
Amex GBT expects $5bn SME boost from CWT acquisition?
Major TMC deal will still face scrutiny from regulators on both sides of the Atlantic
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10 April 2024?
Interview: Paul Abbott, CEO, American Express Global Business Travel?
Amex GBT's planned acquisition of CWT will create a business travel behemoth. BTN Europe spoke to the travel management company's chief executive Paul Abbott shortly after the deal was announced
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4 June 2024
UK competition watchdog to investigate Amex GBT-CWT deal?
The CMA will look at the impact of the $570 million TMC acquisition
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30 July 2024
CMA identifies competition concerns with Amex GBT-CWT deal?
UK's competition regulator says merger could lead to businesses paying higher prices
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12 August 2024?
CMA confirms ¡®in-depth¡¯ probe into Amex GBT-CWT deal?
Panel formed by UK regulator to assess impact of $570m TMC acquisition
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15 August 2024
Interview: Patrick Andersen, president and chief executive officer, CWT?
BTN Europe spoke with CWT president and chief executive officer Patrick Andersen at the GBTA Convention in Atlanta
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4 October 2024?
Amex GBT and CWT challenge CMA's merger investigation findings?
Joint statement from TMCs refutes multiple findings of merger investigation
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7 November 2024?
CMA phase 2 investigation raises competition concerns in Amex GBT-CWT merger?
Amex GBT ¡°fundamentally disagrees¡± with the findings
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25 November 2024?
Amex GBT proposes remedies to help push through CWT deal?
Series of measures could help to allay UK regulator¡¯s competition concerns
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9 January 2025
DOJ to challenge Amex GBT-CWT merger in the US?
US Justice Department is reportedly preparing a lawsuit to block the $570m deal, while the CMA's investigation continues
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10 January 2025
Amex GBT & CWT criticise findings and process of CMA's interim report?
Parties¡¯ latest rebuttal, submitted to the regulator in November, was made public today
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13 January 2025
US DOJ files lawsuit to block Amex GBT acquisition of CWT?
Suit alleges deal would harm competition for global and multinational clients
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16 January 2025
Amex GBT refutes ¡®politically motivated' DOJ antitrust lawsuit
The travel management company has criticised the DOJ's claims as "completely inaccurate"
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16 January 2025
CMA delays final decision on $570M Amex GBT-CWT deal
Competition authority to review results of customer survey commissioned by Amex GBT
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28 January 2025
US judge schedules Amex GBT-CWT merger trial for September
TMCs request to hold the hearing earlier in the year has been rejected
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18 February 2025
CMA U-turn provides provisional green light for Amex GBT-CWT deal
UK regulator changes its position on the impact of the TMC mega-merger
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27 February 2025
Norwegian TMC Berg-Hansen slams CMA U-turn on Amex GBT-CWT deal
Statement claims CMA's change in stance is based on "speculative and tendentious" arguments
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6 March 2025
Amex GBT-CWT deal approved by CMA
The $570 million acquisition still subject to DOJ in the United States
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30 July 2025
Amex GBT-CWT acquisition to proceed after DOJ drops antitrust suit
TMC mega-merger expected to close in Q3
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1 August 2025
ATG acquires CWT¡¯s business operations in Germany
Some global accounts excluded from the deal but all CWT Germany employees able to move over to ATG
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