TBO Tek Limited completes acquisition of Classic Vacations LLC, USA

TBO Tek Limited (BSE: 544174) (NSE: TBO TEK), based in Gurugram, India, has completed the acquisition of US based Classic Vacations from Phoenix-based investment firm, The Najafi Companies. The total consideration for the acquisition was $125Mn, including closing adjustments. TBO had earlier announced, on 2nd September, that it had entered into a definitive agreement to acquire Classic Vacation.

Classic Vacations will continue to operate as an independent brand under its existing leadership team, led by CEO Melissa Krueger, carrying forward its five-decade legacy of trusted advisor and supplier relationships in the U.S. luxury travel market. With the backing of TBO's advanced technology platform, worldwide inventory, and expansive distribution network, Classic will be able to scale faster, broaden its offerings, and deliver even greater value to its community of more than 10,000 travel advisors and their customers.

The acquisition marks a natural step in TBO's strategic vision of becoming one of the largest Global travel-tech platforms, expanding its presence in one of the largest source markets for premium outbound travel and further reinforcing its position as a global leader in luxury travel. By creating greater scale and reach, the combined platform is well positioned to harness the network effects of the travel-tech industry - accelerating growth, deepening engagement, and unlocking sustained long-term value through larger and more connected buyer-supplier ecosystems.

Effective, 1st October 2025, Classic Vacations will operate as a material step-down subsidiary of TBO Tek Ltd.

Shares of TBO TEK Limited was last trading in BSE at Rs. 1521.90 as compared to the previous close of Rs. 1523.30. The total number of shares traded during the day was 1281 in over 262 trades.

The stock hit an intraday high of Rs. 1536.95 and intraday low of 1505.10. The net turnover during the day was Rs. 1949233.00.

Source : Equity Bulls

Keywords

TBOTek INE673O01025 Tour Travel Acquisition ClassicVacations Complete