Corporate Travel Management to acquire Travel and Transport for $194m.

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.