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In May 2017, the company acquired eWings.com, a travel management company for small to medium sized companies. [10] [11] In February 2018, the company sold Fraedom to Visa Inc. for $195 million. [12] On July 19, 2018, American Express Global Business Travel acquired the company for approximately £400 million. [13] [14]
Share of the American Express Company, 1865. In 1850, American Express was started as a freight forwarding company in Buffalo, New York. [17] It was founded as a joint-stock corporation by the merger of the cash-in-transit companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor ...
The Travelers Insurance Company was founded in Hartford by James G. Batterson, a stone contractor [12] who became aware for the first time of accident insurance for travelers (i.e., an early form of travel insurance) while traveling in England in 1859 from Leamington to London. [13]
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Global Business Travel Group, Inc. (American Express Global Business Travel or simply Amex GBT) is a multinational travel management company headquartered in New York City. Amex GBT has 18,000 employees in more than 140 countries.
Squeri joined American Express in 1985 as a manager in the Travellers Cheque Group [16] and became an American Express vice president in 1990. [17] From 2000 to 2002 he served as president of the Establishment Services group in the United States and Canada, [ 16 ] and from 2002 to 2005 he was president of the Global Commercial Card division.
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