TBO Tek Limited’s (TBO) wholly-owned subsidiary, Tek Travels DMCC, has acquired 100 per cent shareholding of Jumbonline Accommodations & Services, which has been demerged as an online business from Jumbo Tours Group.
The acquisition will enable TBO to further increase its presence in Europe, and reflects the growth plans that the company has set globally towards its vision of simplifying and empowering the travel ecosystem.
As one of the biggest international tourism operators offering a range of services and products to tourism operators and travel agencies worldwide, the Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted.
Complementing this business are two other brands – Jumbobeds, the leading online wholesaler for travel agencies, and Jumbotransfers, which offers a wide range of transport services.
Gaurav Bhatnagar, co-founder & director of Tek Travels DMCC, said: “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.”
“We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically in the Middle East and Asia-Pacific,” shared Ginés Martinez, CEO, Jumbo Tours Group.
Editor’s note: The previous headline incorrectly stated that TBO acquired Jumbo Tours Group – the acquisition was only for the online business of Jumbo Tours. The headline has been amended to show this.
