TBO Tek to acquire Classic Vacations for $125 Mn to expands US Footprint

TBO Tek, through TBO LLC, will acquire Classic Vacations for up to $125M, boosting its US luxury travel footprint. It will fund the deal via a Rs 350 Cr loan to Tek Travels DMCC and a $70M Standard Chartered credit guarantee. With $111M in 2024 sales, Classic offers strong advisor networks. Closing in Oct 2025, the deal supports TBO Tek’s global strategy amid rising FY26 revenues.