The acquisition of Redfern Travel will make CTM one of the top seven corporate travel management companies in the UK.
Commenting on the acquisition, CTM managing director Jamie Pherous said: "After working with their management team through this process it became very clear that Redfern are a complementary business to CTM in the region; they possess a highly experienced and passionate management team, an innovative culture that has created some of the best end-to-end automation I have ever seen in our industry, and together we will create new opportunities to grow in the UK and European markets."
Redfern Travel CEO Mark Bowers added: "We have had many suitors for Redfern over the years, so it is refreshing to be working with a like-minded company who value innovation and customer service as much as we do."
"Our new relationship with CTM will provide us with the resources to accelerate the development of our technology, products and services, as well as the opportunity to leverage CTM’s increased buying power and scale in our core markets."
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