American Express Global Business Travel (GBT) today finalised the takeover of German firm DER Business Travel.

The DER BT brand will remain in place for the time being, according to its new owner.

The terms of the acquisition for the business travel arm of Kuoni parent DER Touristik Group, announced in June, remain undisclosed.

DER’s Frankfurt-based corporate travel business operates in 42 locations across Germany with about 600 staff.

The deal follows the purchase of Hogg Robinson Group (HRG) in July 2018.

GBT said it will “continue to look for opportunities to grow where value for the business, our clients and their travellers can be found”.

Senior vice president and managing director international Elyes Mrad said: “DER Business Travel has been a highly-regarded travel management company in Germany for many years.

“The acquisition expands GBT’s footprint into the small and mid-sized client segment in Germany, and is positive news for DER BT’s clients.

“While they will continue to benefit from local servicing expertise, access to GBT’s global reach, scale and end-to-end travel and expense eco-system will bring many opportunities.”