TBO Tek Limited has informed the Exchange regarding a press release dated September 03, 2025, titled "TBO TO ACQUIRE CLASSIC VACATIONS LLC FROM THE NAJAFI COMPANIES TOEXPAND ITS GLOBAL REACH INTO NORTH AMERICA".
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TBO Tek Limited has announced that it will acquire Classic Vacations LLC from The Najafi Companies in a move aimed at expanding its presence in North America. Classic Vacations is a US-based luxury travel business, and this acquisition marks TBO Tek's entry into the North American market. The deal is expected to strengthen TBO Tek's global footprint in the travel and tourism distribution space. TBO Tek, which already operates in markets across Asia and other regions, is using this acquisition to diversify its geographical revenue mix. The financial details of the transaction, including deal value and closing timeline, were not disclosed in this filing.
This is a strategic, growth-oriented acquisition that could open a large new market for TBO Tek, potentially boosting long-term revenue and shareholder value, though near-term stock reaction will depend on the deal size and integration risks.