Announced
Financials
Tags
Majority
Pending
travel management company
Single Bidder
Travel and Tourism
Private
Friendly
Acquisition
United States
Cross Border
Synopsis
Corporate Travel Management, a provider of business travel management solutions, agreed to acquire Travel and Transport, a global travel management company, for $194m. "We are excited to bring our two companies together under the CTM umbrella. Travel and Transport has an incredible reputation and a long history of success within the global travel industry, and we have shared views about delivering personalised service and proprietary technology to generate strong returns for clients on their travel investments," Jamie Pherous, CTM Founder and Managing Director.
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