American Express Global
Business Travel (GBT) has completed its acquisition of KDS.
Amex said no changes in
KDS’s management team or current offices are expected as a result of the
acquisition, and all of its employees will join Amex's team.
Neo, a corporate online
booking tool, is KDS’s main product.
Amex said that the acquisition “is part of GBT’s broader investment strategy to develop a
suite of integrated digital services for business travelers.”
CEO Doug Anderson called
the acquisition “pivotal” for his company.
“We are focused on
providing solutions that optimize the traveler experience within the managed
travel environment,” he said. “Our strategy is to develop and acquire the tools
to deliver on that objective. KDS allows us to offer the first seamless
end-to-end shopping and booking experience centered on today’s business
traveler.”