Corporate Travel Management has completed the take over of Australia-based 1000 Mile Travel Group for an undisclosed sum.
Founded in 2015, 1000 Mile Travel is a network of independent travel experts specialising in SME business travel services across Australia and the UK.
The deal offers 1000 Mile Travel’s agents and customers the benefits of CTM’s scale, buying power, access to content and intuitive technology.
Ben Ross, founder and managing director of 1000 Mile Travel, said that the acquisition paved the way for “significant growth” for the company and its network of independent business owners at a pivotal time in the industry’s recovery.
“Our business was established to meet the needs of the independent corporate travel business owner market, and our business model has grown from strength to strength,” he added.
“That model has never been more in demand than it is in the post-pandemic environment, and we’re excited to take the next step of our growth journey with CTM – a company that demonstrates the same values that have underpinned our own success, through high touch service and innovation, and building meaningful relationships with staff, customers and within the travel industry.”
CTM founder and managing director Jamie Pherous said: “1000 Mile Travel Group is a highly successful business that has crafted a unique value proposition for those agents wanting to not only manage their own SME portfolio from home, but also grow that portfolio and provide services demanded by corporate clients.
“We believe this acquisition will complement CTM’s strategic corporate travel offering while delivering significant benefits to 1000 Mile Travel’s network of independent agents and their customers.”