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Omaha travel firm buying New York competitor

Associated Press Modified: October 10, 2012 at 8:16 am •  Published: October 10, 2012

OMAHA, Neb. (AP) — Omaha-based Travel and Transport Inc. says it is buying Ultramar Travel Management Inc. of New York City.

Financial terms of the all-cash deal between the corporate travel agencies were not announced.

Ultramar will retain its name and operate independently.

The companies said Tuesday that after the deal closes, they will have more than 1,000 employees in 37 states with total annual sales in excess of $2 billion.

Travel and Transport President Bill Tech told the Omaha World-Herald that the acquisition will help bolster Travel and Transport's business in New York, where Ultramar is strong.