Nyman and Schultz (1861 - present) is a Swedish travel company specializing in business travel. Founded as a shipping and trading company in 1861, the travel company was founded as a subsidiary of the shipping company in 1927 and became its own entity in 1931. Nyman and Schultz was then bought by Scandinavian Airlines (SAS) in 1970 and was merged with Nordstjernans Resespecialisterna AB in 1985 too form the Travel Management Group, which grew to include the Swedish National Railway's travel agency business in 1989. The Travel Management Group changed its name to Nyman and Schultz in 1992. In 1993, American Express purchased Nyman and Schultz and used the name for a number of years, but today the business operates under the name American Express Business Travel.