Reed Business Information sells B2B travel business

Reed Business Information is selling its B2B travel division, including magazines Travel Weekly and Travolution, to entrepreneur Clive Jacobs.

He has agreed to buy the magazines and website Gazetteers.com, as well as associated online services and events, for an undisclosed sum.

The former publishing director of Reed Business Information’s travel division, Simon Ferguson, will run the newly acquired business.

Jane Burgess, divisional managing director at Reed Business Information, said: “The travel portfolio has been a valued part of RBI, but we recognise that, under Clive’s independent ownership, the team will be able to integrate completely into the industry they serve.

“Clive, Simon and their management at TW Group Ltd are committed to our talented people and will provide long-term investment and a secure future for the team and brands – on this basis we were pleased to take forward the deal when we were approached.”