ExlService Holdings

EXL buys American Express Business Travel for $30 million

EXL, a leading provider of offshore business process outsourcing solutions, has bought the back office centre of American Express Business Travel (AEBT) for $30 million.

The buyout of American Express' Global Travel Service Center operations in Gurgaon stood at approx $30 million net of working capital adjustments at closure.

The contract will help increase EXL's capabilities in analytics, exception processing and transaction processing.