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Concur eyes growth in Europe with GlobalExpense acquisition

06/10/2011| 10:01:41 AM| 中文

Travel and expense management firm Concur signed a definitive agreement to acquire a compeititor, London-based GlobalExpense, for £12 million, or about $19.75 million.

Travel and expense management firm Concur signed a definitive agreement to acquire a compeititor, London-based GlobalExpense, for £12 million, or about $19.75 million.

The transaction is part of a Concur buying and investment binge, all part of its effort to assert market leadership in various global markets. For example, only two month ago, Concur took a $40 million stake in India’s Cleartrip.

Steve Singh, chairman and CEO of Redmond, Wash.-headquartered Concur, says of the pending GlobalExpense acquisition:

Read full story at:http://www.tnooz.com/2011/06/07/news/concur-eyes-growth-in-europe-with-globalexpense-acquisition/
 

TAGS: Concur | GlobalExpense
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