US cultural exchange company expands in UK with Invasion Group acquisition
US-based travel company International Training & Exchange Inc (Intrax) has announced the acquisition of UK youth travel organisation Invasion Group Ltd.
It builds on Intrax’s mission to expand outside of the US into the UK and overseas markets.
Intrax has a presence in more than 100 countries around the world with 22,000 participants in its programs each year, including summer camp placements, high school exchange programs, global internships, au pair and work/travel opportunities.
Intrax was assisted in the acquisition by law firm Shakespeare Martineau.
Manchester based Invasion offers young people holidays, volunteering and work opportunities across the US, Canada, Asia and Australia.
Catherine Moss, partner at Shakespeare Martineau, who led the deal, said: "The travel industry has taken a massive hit this year, but pent-up demand is going to see a surge in appetite for holiday and career-related travel in people of all ages. This is a great deal for both parties, with clear commonalities and shared ambitions."
"The deal was conducted entirely virtually from start to finish."
"This is a significant milestone in our company’s history and we look forward to a resurgent and bright future for our global business," said Marcie Schneider, President of International Training & Exchange Inc.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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