Together with Avia, CTM will bolster shared industry expertise in the oil and gas sector and add to our growing profile across the US, particularly in the Texas market.
Denver, Colorado (PRWEB) August 06, 2014
Corporate Travel Management (CTM, ASX: CTD) has today announced further expansion in the US.
CTM’s North American expansion plan has advanced today with the acquisition of Texas-based travel management company Avia International (Avia). The acquisition, effective September 1, 2014, positions CTM as one of the strongest travel management providers in Texas and expands our circle of expertise in serving oil and gas and marine sector clients.
Romeo Cuter, CTM’s CEO of North America, says, “I am excited to bring the Avia team into the CTM family. Together with Avia, CTM will bolster shared industry expertise in the oil and gas sector and add to our growing profile across the US, particularly in the Texas market. As we build the strongest travel management company in North America, it is critical that we expand our team carefully to include companies who, like Avia, fit the CTM culture and values and share a common goal of healthy, sustained growth along with excellent customer service.”
CTM’s Managing Director, Jamie Pherous, continues, “We are delighted to have Avia become part of the CTM team. It possesses all the qualities that we look for, having a great service reputation, a dedicated team and great hands-on management. The combination with our successful and well established offices throughout the USA will allow us to better leverage our combined buying power, client-facing solutions, and support expertise moving forward.”
Avia have been in operation in Houston for over 17 years and are home to approximately 40 staff providing predominantly corporate travel management services with annual sales volume of approximately USD$50m at December 31, 2013.
CTM will retain the existing Avia Travel office in Houston to serve one of the largest travel management markets in the world. CTM’s US headquarters will remain in Denver, Colorado.
President of Avia, Antonella Ballatori, claimed, “The opportunity to become a part of the wonderful team that CTM has built will allow us to enhance our product and service offering to our many clients. By expanding our global reach as part of CTM, Avia will add new opportunities to network both US and international clients and work with the other CTM offices to support US based clients as well. Our employees will see new and exciting career opportunities evolve as a result of our combined future.
CTM has a unique culture of empowerment, which has a significant benefit in allowing us to continue to be creative and responsive in our effort to provide our clients with enhanced, customized travel solutions.”
CTM will continue to leverage combined buying power, support service expertise and client facing solutions in North America. CTM’s combined North American TTV for FY15 will be in excess of USD500m, allowing the leverage of additional buying power in global and North American markets.
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CTM is an award-winning provider of innovative and cost effective travel management solutions to the corporate market. Its proven business strategy combines personalized service excellence with client facing technology solutions to deliver a return on Investment to clients.
Headquartered in Australia, the company employs over 1,500 FTE staff globally and operates out of 37 cities in 15 countries across Australia, Asia, North America and New Zealand.