Chambers Travel Group taken over

Chambers Travel Group has been acquired by Australian firm Corporate Travel Management in a £39m deal.

Chris Thelen, Chambers Travel Group
Chris Thelen, Chambers Travel Group

Travel management company Chambers Travel Group has announced that it will be acquired by Corporate Travel Management (CTM), effective from 1 January.
 
The acquisition, reportedly worth up to £39m over a three year period, means Chambers will become the European arm of CTM, giving the Australian firm an immediate presence in seven countries across the continent. The agreement also includes elected share ownership of CTM for Chambers CEO Chris Thelen and the senior management team, all of whom retain their current positions.

Chambers Travel Group will continue to trade under that name for the foreseeable future and all of Chambers’ 214 employees will retain their positions. This includes those who work for Chambers Travel Events, which recently expanded its team to target the pharmaceutical sector.

Mike Leeson, senior events manager at Chambers Travel Events, said: "Chambers Travel Events is incredibly excited by the new opportunities presented to us by becoming a global agency. Day-to-day business for our clients and suppliers will remain unchanged, however we will now benefit from global buying power for all of our events."

Chris Thelen, CEO, Chambers Travel Group, said: "Our aspiration is to grow Chambers into a much larger European business and we believe that by joining forces with CTM and becoming their new European regional headquarters, we will be able to accelerate that aspiration.

"We have worked with CTM on a number of global bids over the last ten years and in that time watched them build an exceptional business based on highly personalised service delivery combined with best-in-class technology to deliver meaningful ROI to clients. 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."

CTM was founded in Brisbane in 1994, has an annual turnover of more than £1bn and now operates in 46 cities across 23 countries worldwide, employing 1,800 staff.

Jamie Pherous, managing director of CTM, said: "We are delighted to have Chambers Travel Group become our anchor point in the UK and Europe to lead our future growth in this region. Chambers is a multi-award winning company with an excellent track record of winning and servicing regional and global clients.
 
"Chambers Travel Group possesses a capable and passionate management team; the company is a leader in corporate travel in the UK and Europe; and [it] enjoys high client and staff retention."

More:

Chambers Travel Group reports £15.6m rise in event sales

Concur partners with Chambers Travel Group


 

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Case study: PPA Festival at Tobacco Dock

Case study: PPA Festival at Tobacco Dock

The Professional Publishers Association held an education festival in May 2018 with guest speakers including politicians and actors.

New director and event coordinator for Pure

New director and event coordinator for Pure

Agency promotes client services director and hires event coordinator to strengthen the team.

Loganair to take over cancelled Flybmi routes

Loganair to take over cancelled Flybmi routes

Glasgow-based company Loganair has stepped in start flying five of Flybmi's routes from next month.

How to increase your sustainability credentials

How to increase your sustainability credentials

Sustainability can be achieved with simple actions, says Elizabeth Thomas from the International Corporate Governance Network.

London venues hosted 37% more events in 2018

London venues hosted 37% more events in 2018

Year-on-year increase from Unique Venues of London shows strong demand for events in the capital.

Why you should design human-centric experiences

Why you should design human-centric experiences

At EMEC19 in The Hague, Kim Myhre of MCI Experience gave an insightful talk on design-thinking in events.

New event producer for HGA

New event producer for HGA

Becky Jones-Williams has previously worked at Event Concept and will work for clients in a range of sectors.

Stagestruck adds event producer to team

Stagestruck adds event producer to team

Sarah Saward is joining the business as a group account director, with responsibility for a portfolio of blue-chip clients.

Incentive review: Club Med Plantation d'Albion

Incentive review: Club Med Plantation d'Albion

With dinner and champagne on a paradise beach, the white sands and the turquoise coral sea ocean of Mauritius are hard to beat.

Premier Events acquires Collective Minds

Premier Events acquires Collective Minds

Acquisition of Leicester-based events agency is part of growth plan to reach £5m turnover and 50 staff.

LATEST JOBS