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New Deal


Announced

Completed

Tek Travels completed the acquisition of Jumbonline Accommodations & Services business from Jumbo Tours Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Spain

travel services

Travel and Tourism

Cross Border

Majority

Private

Completed

Acquisition

Friendly

travel agencies solutions

Synopsis

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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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