CTM Agrees To Acquire Travel And Transport

Australia-based Corporate Travel Management is buying Travel and Transport of Omaha, Neb., for roughly $200 million in cash and stock.

Much of Travel and Transport's senior executive team will run CTM North America after the deal closes, which is expected in the next 30 days or so following customary regulatory review. During an exclusive phone interview Monday evening, the companies' top execs said the firm would become the fifth-largest travel management company in the world. Combined 2019 travel sales were more than $7 billion . . .

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Jay Campbell

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.
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