Acquisition Has Flight Centre Poised For Mexico Expansion
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
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
"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.”