TBO TEK Expands North American Presence Through Acquisition
About TBO TEK: TBO TEK is a leading online travel platform focused on connecting travel agents with premium outbound travel options. The company offers tailored travel solutions and continues to expand its global footprint through strategic acquisitions and partnerships.
Jefferies Update: Buy Rating Maintained
TBO TEK has announced the acquisition of Classic Vacations, a US-based luxury travel wholesaler, for $125 million, approximately 11x EV/EBITDA. This is the company’s first major acquisition following Jumbonline in Europe (2023), aligning with its roll-up strategy to develop new source markets.
The deal strengthens TBO TEK's presence in the premium outbound travel market, particularly in North America, which currently accounts for around 5% of its Gross Transaction Value (GTV).
Investor Takeaway
The acquisition signals TBO TEK’s focus on expanding its footprint in high-value travel segments. Investors may view this as a strategic move to diversify revenue sources and enhance long-term growth potential in the premium travel market.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
