as a standalone brand under the TravelPerk umbrella. This acquisition is part of TravelPerk’s broader expansion efforts in the U.S. market.
To help fund the deal and TravelPerk’s expansion, the company raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. This funding will also support TravelPerk’s goal of becoming the largest revenue-generating region for the company by 2026.
Avi Meir, CEO and co-founder of TravelPerk, emphasized the importance of the U.S. market in the company’s growth strategy. The acquisition of AmTrav will strengthen TravelPerk’s position in the corporate travel industry and allow them to better serve their U.S. clients.
Overall, this acquisition and funding round solidify TravelPerk’s position as a key player in the corporate travel booking space, with a focus on expanding their presence in the U.S. market.