Amex to buy Rosenbluth

AMERICAN Express is to acquire Rosenbluth International to create the world’s largest corporate travel management company.

The deal – the value of which has not been disclosed – is subject to regulatory approval but is expected to go through within a couple of months.

If approved the Rosenbluth name – a long-established family-run business from Philadelphia – will disappear.

Rosenbluth manages corporate travel in 15 countries and posted global business travel volume of over $3 billion in 2002.

Last year Amex booked global travel volume of $15.5 billion.