Dubai-based tech firm takes Bookabed stake

By Linsey McNeill
04/04/2022
Home » Dubai-based tech firm takes Bookabed stake

Dubai-based Tek Travels has bought a controlling stake in Swiss bed bank Bookabed, which launched in the UK in 2013.

Tek Travels is a wholly-owned subsidiary of global distribution platform TBO.

It has bought 51% of Bookabed, which, it said, will allow it to scale up its services and offerings.

On announcing the deal, Bookabed said it intends to increase its marketshare in the UK and Ireland ‘by leveraging TBO’s global API business’, and TBO Academy that trains travel agents and trade partners.

CEO Karl Tyrrell added: “We are very excited to partner with TBO and delighted to join the TBO family. As the world returns to travel, Bookabed looks forward to leveraging TBO’s technology and content. This combined with Bookabed’s deep distribution reach and market position in Ireland and the UK creates an even more compelling value for Bookabed customer partners.

“We will continue to service our customers as we currently do and promote and operate the Bookabed brand that is so well known in these markets. There will be no change to our management, sales or support teams.”

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