Acquisition Has Flight Centre Poised For Mexico Expansion

Open Jaw
Flight Centre Travel Group has signed a preliminary agreement to acquire Mexico City-based Koch Overseas de Mexico, a corporate travel management business.

The deal is expected to be finalized in the coming months, upon ratification by the Flight Centre board.

Koch Overseas de Mexico has been operating for 65 years and employs more than 100 people in its offices in Mexico City, Monterrey, Puebla and Cancun. The business is already closely aligned with FCTG as it is currently part of the global FCm Travel Solutions network under the FCTG umbrella.

Manuel Viñas, President of FCm Travel Solutions Mexico, will report to Dean Smith, President of Flight Centre Travel Group The Americas, and continue to oversee all operations in the country.

"We know the business and its people well, given that Koch has operated successfully as an independent FCm licensee since 2006, and believe it will be a great addition to our network," Flight Centre Managing Director Graham Turner said.

“Having a company-owned presence in Mexico is a natural extension of our business in North America, which now includes more than 550 shops and businesses in the United States and Canada, and will provide a springboard for further growth in the region. This also enhances our ability to compete for and win corporate travel accounts throughout the Americas.”

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