Company Travel Management (CTM) has acquired 1000 Mile Journey Team, a community of unbiased contractors centered on smaller and medium-size organization (SME) enterprise travel that operates across Australia and the U.K. CTM has plans to expand 1000 Mile Travel’s design to North The usa.
The acquisition, CTM mentioned, expands the journey administration company’s curiosity in company journey served by impartial contractors.
CTM sits at No. 7 on Journey Weekly’s 2022 Electric power Record with $2.55 billion in 2021 revenue.
1000 Mile Journey was started in 2015. CTM mentioned its acquisition was an “interesting option” as organization journey rebounds and need for pro assist is higher. In flip, 1000 Mile Journey will gain from the scale, technological know-how and shopping for electricity of CTM.
CTM has previously been giving scheduling technological innovation to 1000 Mile Journey for the earlier calendar year, supplying the corporations a possibility to get to know just about every other, in accordance to CTM founder and managing director Jamie Pherous.
“1000 Mile Travel Team is a highly thriving company that has crafted a special price proposition for people brokers seeking to not only take care of their own SME portfolio from residence, but also develop that portfolio and offer companies demanded by corporate consumers,” Pherous claimed in a release. “We believe that this acquisition will complement CTM’s strategic company journey featuring though providing major benefits to 1000 Mile Travel’s network of unbiased brokers and their customers.”