Addition marks sixth acquisition for Navan Group since 2021
LONDON, 06 June 2024 — Global travel and event management company, Reed & Mackay, today announced that it has acquired Italian corporate travel and events business Regent International S.R.L, expanding its wholly-owned footprint to now include the top five European markets for business travel spend.
This 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, Reed & Mackay grew by 28% in mainland Europe.
This latest acquisition underpins Reed & Mackay’s commitment to Europe with a local-first strategy, exceptional service across the globe and a consumer-grade technology offering. “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, its values also closely align with Reed & Mackay’s uncompromising focus on high-touch service. I am thrilled to be welcoming Giovanni Tiradritto and all Regent International S.R.L employees to the Reed & Mackay family,” says Reed & Mackay Global CEO, Fred Stratford.
The seventh-largest business travel market globally and fourth-largest in Europe, Italy has an annual business travel spend of $34B, according to GBTA’s Business Travel Index Outlook 2023. Regent International provides personalised corporate travel and events services to over 200 clients across core sectors for Reed & Mackay including professional services, premium brands, healthcare, technology and media.
Founded 50 years ago as a family business, Regent International is recognised as a leading player in Italy, with offices in Rome and Milan.
“I am incredibly proud of Regent’s reputation as a service leader in Italy and we look forward to delivering this tailored service to Reed & Mackay’s International clients with travel and event needs in the Italian market. This is an exciting next chapter for Regent International with expanded buying power, international coverage and enhanced technology set to bring enhanced benefit to our clients here in Italy”, says Giovanni Tiradritto, Founder and Managing Director of Regent International S.R.L.
Tiradritto will continue to lead the Italian business, working closely with Stratford and the wider Reed & Mackay executive team.
This marks the sixth acquisition in three years as the Navan Group continues its strategic investments across Europe, with clients of Reed & Mackay and its parent company, Navan, gaining enhanced expertise and content for Italy as a result of this latest purchase. The Navan Group was ranked the fourth-largest TMC in Europe by BTN Europe in 2023.
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About Reed & Mackay
Reed & Mackay delivers service-led corporate travel, people-focused technology, and award-winning event solutions across the globe. As part of the Navan Group, we believe in travel made easy, and in software designed for the people who use it. Reed & Mackay combines inspired service with state-of-the-art technology to create a level of travel and event management like no other and with a prestigious client base across financial, legal, insurance, marine and energy, and media sectors. Read more: www.reedmackay.com.
