TBO Tek Limited , a global travel distribution platform, has announced the completion of a significant acquisition in the US luxury travel market. The company has successfully acquired 100% ownership of Classic Vacations, LLC for $125.00 million, marking a strategic move to strengthen its presence in the premium travel sector.

Acquisition Details

The acquisition was executed through TBO Tek's wholly owned subsidiary, TBO LLC. To finance the deal, the company utilized a combination of funding sources:

• Inter-corporate loans
• Internal accruals
• Credit facilities backed by corporate guarantees

Classic Vacations: A Luxury Travel Powerhouse

Classic Vacations brings a wealth of experience and market presence to TBO Tek:

• Over five decades of legacy in the US luxury travel market
• Serves more than 10,000 travel advisors
• Specializes in premium white-glove service across various travel segments:
  • Hotels
  • Air travel
  • Experiences
  • Car rentals
  • Travel protection

Operational Continuity

TBO Tek has emphasized that Classic Vacations will maintain its operational independence:

• The company will continue to operate as an independent brand
• Melissa Krueger will remain as CEO
• The existing leadership team will be retained

This approach aims to preserve Classic Vacations' established market position and client relationships while benefiting from TBO Tek's global network.

Strategic Implications for TBO Tek

The acquisition aligns with TBO Tek's broader strategic vision:

• Aims to become one of the largest global travel-tech platforms
• Expands TBO's presence in the premium outbound travel market
• Enhances the company's service offerings in the luxury travel segment

TBO Tek's Global Reach

TBO Tek operates a vast travel distribution platform:

• Connects over 159,000 travel buyers
• Links with 1 million travel suppliers
• Operates across more than 100 countries

This extensive network positions TBO Tek as a significant player in the global travel technology landscape.

The acquisition of Classic Vacations represents a major step for TBO Tek in expanding its market reach and service capabilities in the high-value luxury travel sector, particularly in the United States. By maintaining Classic Vacations' brand identity and leveraging its established reputation, TBO Tek is poised to strengthen its position in the global travel market while enhancing its offerings in the premium travel segment.

TBO Tek Limited , a prominent player in the travel technology sector, has announced significant changes in its senior management team.

Retirement of Anil Berera

Anil Berera, who served as the President-Strategy and was a key member of TBO Tek's Senior Management Personnel, has retired from the company effective September 30, 2025. The company acknowledged Mr. Berera's valuable contributions during his tenure in an official statement to the stock exchanges.

Current Senior Management Structure

Following Mr. Berera's retirement, TBO Tek's senior management team now comprises eight members:

Additional Management Changes

It's worth noting that TBO Tek had previously announced another change in its senior management. Ankush Arora, the company's Chief Human Resource Officer, tendered his resignation on September 17, 2025. The company stated that Mr. Arora's last working day is yet to be determined and will be communicated in due course.

These changes in TBO Tek's senior management team come as the company continues to navigate the dynamic travel technology landscape. The company's ability to maintain a strong leadership team will be crucial as it moves forward in this competitive sector.

TBO Tek Limited, with its registered office in New Delhi and corporate office in Gurgaon, operates in the travel technology space, providing booking experiences through its platform at www.tbo.com .