United Kingdom
United States
Asia Pacific
TCM bought by Aussie firm
Australia-based Corporate Travel Management has bought UK travel management company Chambers Travel in a deal worth up to £39 million over three years.
From January 1next year, Chambers will become the European arm of CTM, which will continue to be run by its existing management team and all 214 employees will retain their jobs. The company will continue to trade under the same name.
Chambers CEO Chris Thelen and other senior managers will have elected share ownership of CTM as part of the deal.
"We are delighted to have Chambers Travel become our anchor point in the UK and Europe to lead future growth in this region," said CTM managing director, Jamie Pherous.
"This partnership culminates a decade of successfully working together allowing a seamless transition for our respective management teams."
Chambers and CTM have worked together on various global bids over the past 10 years.
"There is a huge opportunity to benefit from each other’s strengths, significantly enhancing our service offering to clients, while providing exciting new career opportunities for our employees," said Thelen.
Related News Stories:
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled