TBO Tek Shares Rise Over 4.8% as Company Completes $125 Mn Acquisition of Classic Vacations

New Delhi, October 3, 2025 – TBO Tek Limited (NSE: TBOTEK, BSE: 544174)’s share gained 4.8% to ₹1,596 today, after the company announced its wholly-own step-down subsidiary company, TBO LLC’s acquisition of Classic Vacations LLC, USA for $125 million.

Market Snapshot

TBO Tek Limited closed at ₹1,596 on August 3, 2025, gaining 4.87%. It had opened at ₹1,545.00 and had an intraday high of ₹1,610.00 as well as an intraday low of ₹1,530.00. Its market capitalisation is ₹17,030 crore with a 73.88 times price-to-earnings ratio. In the previous 52 weeks, the scrip had reached ₹1,845.55 as the high as well as ₹996.00 as the low.

Acquisition Details

TBO Tek, through TBO LLC, acquired 100% of Classic Vacations from The Najafi Companies, a Phoenix-based company. It was for an enterprise value of $125 million, comprising a closing consideration of $110.36 million and closing adjustments totaling $14.64 million. It was funded through a combination of inter-corporate loans, internal accruals, and credit facilities secured by corporate warranties.

Classic Vacations will also continue as an autonomous brand led by CEO Melissa Krueger, using the technology and worldwide supply network of TBO. Its extensive network of more than 10,000 U.S. luxury travel advisors will help the company extend its reach while increasing the footprint of TBO in the American market.

Strategic Significance

TBO Tek stated that the acquisition is a strategic milestone in its inorganic growth path, strengthening its presence in the U.S. luxury travel space. With this move, TBO aims to scale its position as a leading global travel-tech platform, leveraging network effects across suppliers and buyers to drive sustained long-term value.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/89ed7e8f-3c98-45aa-a3b9-9bdd4fb8f680.pdf

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