TBO Tek Acquires Classic Vacations for $125 Mn to Expand US Luxury Travel

In a significant move to broaden its international footprint, TBO Tek Limited has acquired 100% of US-based Classic Vacations, LLC for $125 Mn. The deal, executed through its wholly owned step down subsidiary TBO LLC, reflects TBO’s strategic commitment to expanding in the luxury travel sector, especially across the United States.

Deal Structure and Financials

The transaction, effective 1 October 2025, was finalised with a total consideration of $125 Mn, comprising a closing payment of $110.36 Mn and closing adjustments worth $14.64 Mn. Funding for the acquisition came through a mix of internal accruals, inter-corporate loans extended to Tek Travels DMCC, and credit facilities backed by corporate guarantees. Following the acquisition, Classic Vacations has become a wholly owned subsidiary of TBO LLC and a material step-down subsidiary of TBO Tek Limited.

TBO Tek’s Strategic Acquisition of Classic Vacations

Classic Vacations, a cornerstone of the US luxury travel market for over 50 years, will continue to operate under its own brand under the leadership of CEO Melissa Krueger. Serving a network of 10,000+ travel advisors and partnering with leading consortia, the company offers premium solutions across hotels, air travel, car rentals, curated experiences, and travel protection, with a strong emphasis on bespoke itineraries and white-glove service. The Najafi Companies, a Phoenix-based investment firm, was the seller in this transaction. 

For TBO Tek, this acquisition aligns with its inorganic growth strategy and reinforces its commitment to deepening its presence in North America. By leveraging Classic Vacations’ established network of high-value advisors and premium supply partners, TBO aims to accelerate scale, expand its service offerings, and create enhanced value for both travel advisors and end customers, further strengthening its global travel distribution ecosystem.

About TBO Tek Limited

Founded in 2006 and headquartered in Gurugram, India, TBO Tek Limited operates a global travel distribution platform that connects more than 159,000 travel buyers with over 1 Mn suppliers across 100+ countries. The company simplifies buying and selling of travel by leveraging a connected ecosystem that spans airlines, hotels, and ancillary services. With this acquisition, TBO is reinforcing its ambition of becoming one of the world’s largest travel-tech platforms.

Read More: RateGain to Acquire Sojern in $250 Million Deal to Strengthen AI-Powered Travel Tech Platform.

TBO Tek Ltd Share Price Performance 

As of 03 October, 2025, at 9:30 AM, TBO Tek Ltd share price is trading at ₹1,540 per share, reflecting a gain of 1.16% from the previous closing price. Over the past month, the stock has declined by 3.21%.

Conclusion

By acquiring Classic Vacations for $125 Mn, TBO Tek Limited has made a decisive entry into the US luxury travel market. The deal not only strengthens its international presence but also expands its portfolio with a trusted brand that brings five decades of expertise and a strong advisor network. For TBO, this acquisition is a pivotal step towards its vision of becoming a dominant global travel-tech player.

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