Reed & Mackay, the travel and event management company, announced that it has acquired the Italian corporate travel and events business Regent International S.R.L, expanding its wholly owned footprint to now include the Top 5 European markets for business travel spend.
This transaction follows strong organic growth for Reed & Mackay in Germany and France, as well as the rebrand to Reed & Mackay of its businesses in Spain and Sweden over the last 12 months. Year over year, according to the announcement, Reed & Mackay grew by 28% in mainland Europe.
Fred Stratford, global CEO of Reed & Mackay, said Italy is an important market for Reed & Mackay’s clients. Not only does Regent International bring deep-rooted knowledge of the Italian corporate travel and events market, he said, “its values also closely align with Reed & Mackay’s uncompromising focus on high-touch service.” Regent International was founded 50 years ago as a family business.
Giovanni Tiradritto, founder and managing director of Regent International S.R.L. , said, “This is an exciting next chapter for Regent International with expanded buying power, international coverage and enhanced technology set to bring enhanced benefits to clients in Italy.”
Tiradritto will continue to lead the Italian business, working closely with Stratford and the wider Reed & Mackay executive team, according to the announcement.
