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TravelPerk acquires travel management platform AmTrav
Business travel management platform TravelPerk has announced the acquisition of US based corporate travel firm AmTrav.
Chicago-based AmTrav offers a localized, tech-first platform for SMB and mid-market companies.
The acquisition will see TravelPerk double its revenue in the US, following 65% year-over-year growth last year. TravelPerk’s US-based headcount and footprint expands to now include offices in Boston, Chicago, Los Angeles and Miami.
AmTrav will operate under the same brand, and the entire team will continue with the business.
Additionally, TravelPerk has raised a new credit facility of up to $135 million led by Blackstone Credit & Insurance and Blue Owl Credit.
This follows the company’s recent $104 million Series D1 Extension funding round in January.
Avi Meir, CEO and Co-Founder of TravelPerk, commented: “AmTrav’s decades-long track record of success in the US will supercharge our growth in the US and around the world.”
Companies of all sizes use AmTrav to book trips, set travel policies, and manage payments and expenses.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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