Tek Travels DMCC, a wholly owned subsidiary of TBO Tek Limited (TBO), has acquired 100 per cent shareholding of Jumbonline Accommodations and Services S.L.U., a demerged online business from Jumbo Tours Group. This strategic move aims to enhance TBO’s footprint in Europe.
Jumbo Tours Group, a major global tourism operator, provides diverse services and products to tour operators and travel agencies worldwide. The Jumbonline business streamlines product distribution for wholesalers and tour operators through a comprehensive single platform. The advanced API solution grants quick access to over 120,000 hotel inventories, including 15,000 directly contracted hotels. Additionally, complementing the business are two other brands, viz, Jumbobeds, a leading online wholesaler for travel agencies and Jumbotransfers, offering competitively priced transportation services.
Commenting on the acquisition, Gaurav Bhatnagar, Co-Founder and Director, 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.”
Ginés Martinez, CEO, Jumbo Tours Group said, “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family.”
Gabriele Burgio, President and CEO, Alpitour World commented, “We strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project.”
This acquisition mirrors TBO’s global growth initiatives, underscoring its commitment to expansion, investment, and enhanced customer experience. TBO remains dedicated to simplifying and empowering the travel ecosystem, actively seeking similar partnerships to further its vision.
, has acquired 100 per cent shareholding of Jumbonline Accommodations and Services S.L.U., a demerged online business from Jumbo Tours Group. This strategic move aims to enhance TBO's footprint in Europe.){kind=link}