TripActions to acquire Reed & Mackay from Inflexion.

TripActions, a US headquartered business travel and spend management platform, agreed to acquire Reed & Mackay, a corporate travel management and events business, from Inflexion, a private equity firm. Financial terms were not disclosed. "Inflexion were a tremendous partner, with their experience in international growth organically and acquisitively a real boost to our development. Their unwavering support as business stalled in 2020 was crucial; they helped us manage the business in very difficult circumstances and kept us looking ahead so that we are well placed for the return of travel. We look forward to our next phase of growth with TripActions," Fred Stratford, Reed & Mackay CEO.