TBO Tek Buys Classic Vacations for $125 Million to Expand in U.S. Luxury Travel – Exclusive

India-based travel distribution platform TBO Tek said Tuesday it will acquire Classic Vacations, a U.S. luxury travel wholesaler, in an all-cash deal worth up to $125 million.

TBO said the acquisition is part of its global expansion strategy to strengthen its presence in the U.S. luxury travel market.

"Classic Vacations is led by a strong team of experts and will continue as an independent brand while leveraging TBO’s technology and distribution capabilities to grow their business,” said Gaurav Bhatnagar, TBO’s co-founder and joint managing director.

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