Business Travel: Long Lake Acquires Amex GBT


Amex GBT va passer sous pavillon privé après son rachat par Long Lake - DepositPhotos.com, Rawpixel

IFTM TourMaG Party


American Express Global Business Travel a annoncé, le 4 mai 2026, avoir conclu un accord définitif en vue de son acquisition par Long Lake Management, dans le cadre d’une transaction d’une valeur d’environ 6,3 milliards de dollars.

Aux termes de l’accord, les actionnaires d’Amex GBT recevront 9,50 $ par action en espèces, ce qui représente une prime de 60,2% par rapport au cours de clôture de l’action Amex GBT le 1er mai 2026, le dernier jour de bourse complet avant l’annonce de la transaction, et une prime d’environ 65,1% par rapport au prix moyen pondéré par les volumes de l’action Amex GBT pour les 30 jours se terminant le 1er mai 2026“, selon le communiqué officiel.

La transaction devrait être finalisée au cours du second semestre 2026, sous réserve notamment de l’approbation des actionnaires d’Amex GBT et l’obtention des autorisations réglementaires requises.

Une fois la transaction finalisée, les actions ordinaires d’Amex GBT ne seront plus cotées en bourse et Amex GBT deviendra une société privée.

A noter qu’American Express, Expedia, Qatar Investment Authority et BlackRock, représentant collectivement 69% des actions de GBT, ont conclu des accords de vote en faveur de la transaction.

Lire aussi : Read also: What challenges for business travel in 2026?


Behind this acquisition, an acceleration of the transformation of business travel

The deal is financed by a combination of equity contributed by Long Lake’s existing investors and Koch Equity Development LLC (“Koch”), Koch, Inc.’s main investment and acquisition arm, and by a debt financing guaranteed by JPMorgan, Bank of America, Citi and MUFG.

It marks the shift of a key publicly traded player to a private model, potentially more agile in its technology investments.

Thanks to Long Lake’s applied artificial intelligence capabilities, our travel expertise, our global reach and decades of trusted relationships with clients and suppliers, Amex GBT is a driver of transformation for business travel“, stated Paul Abbott, Chief Executive Officer of Amex GBT.

The future of business travel will rest on seamless collaboration between AI and human agents, serving every traveler: shorter booking lead times, proactive handling of contingencies and simplified travel administration. In partnership with Long Lake, Amex GBT will continue to invest heavily in these technologies and maintain its status for excellent customer service” added, for his part, Alex Taubman, co-founder and CEO of Long Lake.

For reference, American Express Global Business Travel (Amex GBT) is a leader in software and services for travel, expense management and the organization of meetings and events, operating in more than 140 countries.

Read also: Amex GBT, Marietton, ATPI: the behind-the-scenes of consolidation in business travel

Airport: Expect Long Lines This Summer

The new European border management system, called EES (Entry/Exit System), has come into operation on 10 April 2026. It is a European database enabling the digital collection of personal data from third-country nationals, whether visa-exempt or not, upon their entry into and exit from the 29 Schengen-area countries. This device was introduced to modernize controls at Europe’s external borders.

It gradually replaces the manual passport stamp with a digital record of non-European travelers’ entries and exits, including biometric data such as a facial photograph and fingerprints.

However, since its rollout at airports, the system has caused disruptions, notably long queues for travelers. Indeed, according to a recent Financial Times statement, several affected countries placed late orders for the biometric data-collection machines required to implement this device, which could significantly disrupt travel during the peak summer season.

A new European border system that could disrupt air travel this summer

Marco Troncone, the head of Rome Airports, recently told a British media outlet that he was “very worried about the summer” and that “the EES system must be suspended to avoid a catastrophe.” Indeed, the situation has already caused concern in Switzerland, Portugal, Belgium and Greece, where authorities have sometimes suspended biometric checks to prevent airport saturation, while American and British holidaymakers prepare to flock to the continent. Olivier Jankovec, head of the airport industry association ACI Europe, meanwhile warns that the “system is not functioning”.

Originally, the automated system was designed to process each passenger in less than a minute. But when it is out of service or malfunctioning, customs officers must revert to manual checks, including fingerprint collection. This is why wait times can grow substantially for travelers, especially since many airports require a single queue for all passengers.

According to ACI Europe’s findings, drawn from 45 airports across 20 countries, passengers wait up to three and a half hours to be served. Smaller airports have been particularly affected by the new device, notably the Greek islands of Corfu and Zakynthos, which require travelers to wait on the tarmac. According to Olivier Jankovec, the European Commission “from the start, ignored the operational implications of the device. For weeks and months, they refused to see that we had problems”, he revealed.

European airports adapt their strategies to address EES-related challenges

To mitigate the difficulties related to implementing the EES, some member states are organizing as best they can. Malta has announced a contract with an Italian company specializing in artificial intelligence for installing facial-image capture kiosks, while the Czech government awarded a contract for fingerprint readers at Prague Airport. Meanwhile, Ryanair has asked Spain to suspend its entry authorization system, described as “half-baked” after complaining of “excessive” queues that can reach up to an hour at passport controls.

Switzerland has already had a glimpse of the disruptions the EES could bring this summer, its airports having faced long delays during the winter ski season. At Geneva Airport, queues for non-EU passengers reached up to two and a half hours, prompting authorities to double staff in the arrivals hall. The European Commission, for its part, has repeatedly stressed that the system is functioning correctly and that member states have the flexibility to temporarily suspend biometric checks until September.

According to Commission figures, the new system has already logged more than 108 million entries since October and has denied access to 42,000 people, including 1,100 deemed security risks. Moreover, a Commission spokesperson recently reaffirmed that it is up to member states to ensure proper deployment of the border-management operating system on the ground. The smooth operation of borders must be guaranteed by member states through a sufficient number of border guards and automated solutions, such as self-service kiosks and electronic gates.