Consolidation in the travel management company business continues apace. On Thursday, American Express Global Business Travel, the largest player, announced its acquisition of New York-based Ovation Travel Group. The parties did not disclose terms.

A highly respected corporate travel agency strong in the professional services, finance and legal sectors, Ovation has an ethos that GBT will work to preserve. The acquirer is starting by keeping the Ovation management team and making Ovation a unit of GBT's Global Customer Partnerships organization.

Founded by Paul Metselaar . . .

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