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TripActions acquires Swedish TMC
Travel.and expense management firm TripActions announced an acquisition of Scandinavian TMC Resia AB.
This is the third Europe-based acquisition for the TripActions Group in nine months, following the addition of Comtravo in early February 2022 and Reed & Mackay in May of 2021.
Founded in 1974 and headquartered in Gothenburg, Sweden, Resia has nearly 50 years of regional industry and market expertise. The corporate travel agency also has a strong meetings and events (MICE) offering that drives more than a quarter of Resia’s sales volume.
“The acquisition of Resia has significantly increased our market share in Scandinavia,” said Michael Riegel, newly appointed General Manager of TripActions EMEA.
“Customers will be able to take full advantage of TripActions’ product offering while Resia’s strong management team and deep market expertise will help spearhead TripActions’ further growth in the Nordics.”
With TripActions Liquid now in Europe, Resia’s customers get access to a unified corporate card and expense management solution, such as company policy and trip details, to eliminate expense reporting.
The group now supports more than 8,800 businesses worldwide, spanning all segments from self-serve startups to corporates.
With the addition of Resia, the group’s reach extends throughout Europe, with office locations in the UK, Ireland, Sweden, the Netherlands, France, Germany and Portugal.
Ray Monty
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