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Amex GBT acquiring travel tech firm KDS
Sunday, 31 Aug, 2016
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American Express Global Business Travel (GBT) has announced the upcoming acquisition of Paris based travel tech company KDS.
GBT did not disclose the terms of the deal but said it expects to complete the acquisition in the fourth quarter of 2016.
KDS’ core product is ‘Neo’ which offers a door-to-door booking tool and integrated travel expenses calculator.
The purchase is part of GBT’s push to expand online and digital services.
"We look forward to leveraging the support and assets that GBT will provide us to better serve GBT customers, whilst also continuing to serve our existing customers and partners," says Dean Forbes, CEO of KDS.
American Express GBT chief commercial and technology officer Philippe Chereque said: "We are bringing together an industry-leading online solution and travel management company to create the first seamless end-to-end experience centred on the modern business traveler. This will also enable us to provide customers with a proprietary door-to-door online booking tool supported by our new technology infrastructure."
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