American Express Global Business Travel buys Finnish TMC

American Express Global Business Travel buys Finnish TMC

American Express Global Business Travel has finalised the take over of Finnish travel management company SMT from Finnair for an undisclosed sum.

SMT was part of Amex GBT’s travel partner network. The TMC was created after the merger of the two largest Finnish-owned business travel agencies, Area Travel Agency and Finland Travel Bureau in 2013.

The acquisition will further enhance Amex GBT’s service and capabilities in the Nordics, the company said.

EMEA managing director Elyes Mrad said: “This is truly exciting for our business, and for our customers in Finland and beyond.

“Organisations and companies in Finland and around the world will continue to benefit from SMT’s local expertise, in addition to our global scale and access.

“As we come together as one company we welcome the dedicated SMT employees and look forward to achieving great things together for years to come.”

SMT managing director Kirsi Paakkari, who will continue to manage the business, said: “SMT's main strategic objective is to be the leading provider of corporate travel services and meetings and events in Finland.

“Joining GBT will accelerate our progress toward that objective. Our dynamic business style, combined with GBT's resources, will make us a powerful and effective business travel partner for companies across Finland.”

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