CTM considers new acquisitions

first_imgSource = e-Travel Blackboard: N.J Meeting client demands for all rounded travel businesses, Corporate Travel Management (CTM) announced it has set aside up to $7 million for new acquisition and business growth.Announced yesterday, the company cash was raised from a successful placement of up to 3.25 million shares at $2.15 per share and was achieved through “organic growth and client retention”, according to CTM managing director Jamie Pherous.He explained the company was “actively looking” for new acquisition opportunities that meet clients’ needs and address the company’s growth plans.“CTM’s proven acquisition methodology not only allows us to identify compelling business synergies, but also provides an assessment of the operation and identifies way in which CTM can most effectively add value to the acquires business,” he said.“The needs of our clients are also a direct influence on the type of opportunities being considered by CTM, with many clients demanding cross-border travel solutions or a broader travel service offering.” last_img read more