European TMC TravelPerk has acquired US-based AmTrav in a bid to “accelerate” its expansion in the US.
Avi Meir, TravelPerk’s co-founder and CEO, announced the deal to acquire the US travel management platform in an online post on the Barcelona-based firm’s website.
“Backed by an additional $135 million in capital via credit facilities from Blackstone and Blue Owl Capital, we are thrilled to announce that we have acquired AmTrav, a US-focused, tech-first travel management platform,” said Meir.
“AmTrav co-founders Jeff [Klee] and Craig [Fichtelberg] founded the business 30 years ago in their University of Michigan dorm room and transformed it into a US leader in business travel.
“Whilst getting to know them, it was clear…