Corporate Travel Management Limited  (CTM), an Australian travel management company, has acquired Omaha-based Travel and Transport, Inc. (T&T), including its Radius Travel business,  for $200.4 million, creating what the companies call one of the world’s leading global mid-market corporate travel managers, with combined total transaction value in 2019 of $7.6 billion. Radius Travel is a global network of corporate travel agencies in more than 100 countries and has a highly successful hotel program, offering highly competitive corporate rates across 44,000 hotels in 160 countries. For North American customers, according to an announcement, the enlarged business offers an expanded and highly experienced team and technology suite, bolstered by CTM’s strengths in Europe and Asia-Pacific. CTM comes into the deal in a strong liquidity position with no debt, $88 million of net cash and an undrawn committed facility of approximately $127 million. T&T will be rebranded to CTM, and its leadership team will combine with CTM in a structure that will see Kevin O’Malley as CEO-North America, Maureen Brady as COO, Josh Weiss as CFO and Tim Fleming as president and integration lead. Integration is underway and will happen quickly due to the current reduced customer activity, allowing the combined business to emerge from COVID-19 in a strong competitive position.