TripActions acquires TMC Reed & Mackay
Silicon Valley based business travel and spend management platform TripActions announced the acquisition of UK based Reed & Mackay.
Reed & Mackay, a high-end travel and meetings and events business with a global market reach, will retain its premium brand for clients across more than 50 markets.
Reed & Mackay started as a family business nearly 60 years ago.
The acquisition ‘will create a new breed of travel management that is able to cater to the every need of companies of all sizes in every geographic location,’ said Ariel Cohen, CEO and co-founder of TripActions.
The combined group will manage $5 billion in travel spend spanning more than 5,000 customers around the world.
"By joining forces with TripActions, the clear market leader in driving innovation for user experience, we will further enhance the value that we deliver to our client base," said Fred Stratford, CEO of Reed & Mackay.
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