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Take over: Redfern Travel and Australian-based Andrew Jones Travel

Australian travel provider Corporate Travel Management (CTM, ASX: CTD) is expanding its global footprint with the acquisitions of UK-based Redfern Travel and Australian-based Andrew Jones Travel.

Australian travel provider Corporate Travel Management (CTM, ASX: CTD) is expanding its global footprint with the acquisitions of UK-based Redfern Travel and Australian-based Andrew Jones Travel.

The acquisition of Redfern Travel will make CTM one of the top seven corporate travel management companies in the United Kingdom.

CTM Managing Director Jamie Pherous said the Redfern Travel transaction would allow CTM to build and leverage scale and is expected to take its consolidated European Total Transactional Value (TTV) to GBP500-550 million in the next financial year.