Announced
Completed
Financials
Tags
Single Bidder
Spain
travel services
Travel and Tourism
Cross Border
Majority
Private
Completed
Acquisition
Friendly
travel agencies solutions
Synopsis
Tek Travels, a provider of competitive solutions for travel agencies, completed the acquisition of Jumbonline Accommodations & Services business from Jumbo Tours Group, a provider of services and products for tour operators and travel agencies worldwide. Financial terms were not disclosed. “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel,” Gaurav Bhatnagar, Tek Travels Co-Founder & Director.
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