03 Sep , 2025 By : Debdeep Gupta
The operator of online platform, TBO Tek's wholly owned step-down subsidiary will be acquiring US-based Classic Vacations LLC from The Najafi Companies, an investment firm, for up to $125 million, the company said in an exchange filing, sending shares sharply higher by over 12 percent in early trade on September 3.
The acquisition will combine TBO’s technology platform with Classic Vacation’s network of luxury travel advisors and suppliers, the filing said.
Classic Vacations had a revenue of $111 million and operating EBITDA of $11.2 million for the year ended December 2024.
TBO Tek is a IATA registered ticketing agency and operates online platform travelboutiqueonline.com as well as offers services in B2B segment.
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