Australian Corp Travel Agency CTM Notches Up Yet Another Acquisition to Expand in U.S.

Australia’s Corporate Travel Management has bought 1000 Mile Travel Group in an all-share transaction. Terms of the deal were not fully disclosed, but on Friday CTM issued 106,336 fully paid ordinary shares to Zazi Pty Ltd, in its capacity as trustee of the Zazi Investment Trust, as part consideration for the acquisition of 1000 Mile Travel Group.