American Express Global Business Travel To Acquire Hogg Robinson Group, Fraedom To Visa

By | February 9, 2018

Now that's a mega.

American Express Global Business Travel today announced plans to acquire Hogg Robinson Group in an all-cash deal. Both are among the top four global travel management companies.

Publicly traded HRG also announced it would sell its Fraedom software business to Visa for 142 million pounds ($198 million). Depending on conditions related to the Fraedom sale, which is expected by March 12, HRG shareholders would receive as much as 410 million pounds ($571 million) for the sale to GBT. That maximum purchase amount represented a more than . . .

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