Mach Conferences & Events to Acquire Majority Stake in Travexel, Expanding into Medical Conferences

Mach Conferences & Events Limited (MCEL), a leading provider of comprehensive MICE (Meetings, Incentives, Conferences, Exhibitions) and Events solutions, has entered into a definitive agreement to acquire a majority shareholding in Travexel Events and Travel Private Limited (Travexel). Travexel is a prominent professional conference organizer with a specialized focus on medical conferences and comprehensive travel solutions for delegates. This acquisition will significantly enhance Mach's end-to-end service capabilities, adding a crucial medical conference segment that will fast-track its growth in the specialized events and travel sector. Post-investment, Travexel will continue to run and operate as an independent entity. Travexel currently has an order book of approximately 320 crores in this financial year, highlighting its strong foothold in the medical conference segment.