TBO TEK Ltd Completes Acquisition of Classic Vacations, LLC for $125Mn

TBO TEK Ltd has completed the acquisition of US-based Classic Vacations from The Najafi Companies for a total consideration of $125Mn. This acquisition marks a significant step in TBO’s inorganic growth strategy and strengthens its presence in the US luxury travel space. Classic Vacations will continue to operate as an independent brand under its existing leadership team, leveraging TBO’s advanced technology platform, worldwide inventory, and expansive distribution network to scale faster and deliver greater value to its community of travel advisors and their customers.