Venues Event Management will continue to trade under its existing brand name and operate from a base in Swindon, adding a southern base to Expotel’s existing offices in Manchester, Stockport, Leeds and Glasgow.
Expotel chief executive Ian Burnley said: "We have been looking for a strong business to take our conference and events business to the next level and Venues Event Management is a perfect fit. The combination of the Venues Event Management and Expotel and LateMeetings activities more than doubles the size of our meetings and events business and creates a powerful market-leading presence."
The buyout was completed on 1 November and is Expotel’s fourth acquisition since a management buyout in 2008.
"We have a clear acquisition programme in mind and will continue to look for businesses and teams which fit our growth plans and culture," added Burnley. "We are looking to continue to develop the group in all three of our key market segments: hotel and business travel, conference and events and online services."
Venues Event Management chief executive Anita Lowe said: "We are incredibly excited with the opportunity to build the Venues Event Management business within the Expotel group. The management teams and service cultures fit well and Expotel has developed some great technology which will enable us to continue to develop our client relationships."