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  5. CTM Acquires Andrew Jones Travel

M&A Deal Summary

CTM Acquires Andrew Jones Travel

On December 14, 2016, CTM acquired leisure company Andrew Jones Travel for 6M AUD

Acquisition Highlights
  • This is CTM’s 8th transaction in the Leisure sector.
  • This is CTM’s 4th largest (disclosed) transaction.
  • This is CTM’s 1st transaction in Australia.

M&A Deal Summary
Date 2016-12-14
Target Andrew Jones Travel
Sector Leisure
Buyer(s) CTM
Deal Type Add-on Acquisition
Deal Value 6M AUD

Target

Andrew Jones Travel

Hobart, Australia
Andrew Jones Travel is a travel management company. Andrew Jones Travel offers services of a dedicated corporate travel division, providing business’ with a complete travel management package.

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Buyer(S) 1

Buyer

CTM

Brisbane, Australia
Category Company
Founded 1994
Sector Consumer Services
Employees3,192
Revenue 708M AUD (2024)
DESCRIPTION

CTM is a provider of innovative and cost-effective travel management solutions to the corporate market. CTM was founded in 1994 and is based in Brisbane, Australia.

DEAL STATS #
Overall 8 of 8
Sector: Leisure M&A 8 of 8
Type: Add-on Acquisition M&A Deals 8 of 8
Country: Australia M&A 1 of 1
Year: 2016 M&A 4 of 4
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Redfern Travel

Bradford, United Kingdom

Redfern Travel Ltd. is a travel management company. Redfern Travel developed systems and technologies which reduce travel costs and the costs associated with administering corporate travel requirements.

Buy £40M
Mergr

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