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An announcement from TBO Tek Ltd. ( (IN:TBOTEK) ) is now available.
TBO Tek Limited has announced its acquisition of Classic Vacations LLC, a leading U.S. luxury travel wholesaler, from The Najafi Companies for up to $125 million. This strategic move aims to enhance TBO’s global presence in the premium outbound travel market by integrating Classic Vacations’ extensive network of luxury travel advisors with TBO’s advanced technology platform. The acquisition is expected to strengthen TBO’s industry positioning and accelerate growth as a global leader in luxury travel, while Classic Vacations will continue to operate independently, leveraging TBO’s resources to expand its business.
More about TBO Tek Ltd.
TBO Tek Limited, based in Gurugram, India, operates in the travel and tourism industry, providing a technology platform and worldwide inventory for outbound travel services. The company focuses on expanding its market reach, particularly in the premium travel segment.
Average Trading Volume: 7,574
Technical Sentiment Signal: Sell
Current Market Cap: 142B INR
See more data about TBOTEK stock on TipRanks’ Stock Analysis page.