TravelPerk, a Barcelona-based global business travel platform, announced the acquisition of Amtrav, the US-based TMC. According to the announcement, both platforms will capitalize on proprietary technology, AI capabilities and expanded resources to further expand in the US.

The acquisition will see TravelPerk double its revenue in the US, according to the announcement, following 65% year-over-year growth in the market in 2023. TravelPerk’s US-based headcount and footprint expands to now include offices in Boston, Chicago, Los Angeles and Miami. Amtrav will operate under the same brand, and the entire team will continue with the business going forward.

Additionally, TravelPerk has raised a new credit facility of up to $135 million led by Blackstone Credit & Insurance and Blue Owl Credit, two global alternative asset managers. Alongside the company’s recent $104 million Series D1 Extension funding round in January 2024, TravelPerk, said the announcement, has a significant capital base to drive organic and inorganic growth.

Avi Meir, CEO of TravelPerk, said that with the financial backing of Blackstone and Blue Owl, in addition to SoftBank earlier this year, “we’re exceptionally well positioned to continue to invest in industry-leading technology and our global growth.”

Jeff Klee, CEO of AmTrav, said the TMC’s customers will benefit from TravelPerk’s global reach, scale and culture of innovation. Together, he said, “we’ll continue the mission to use new technology and the right amount of human touch to make life better for businesses and their travelers.”