Flight Centre is boosting its North American presence by buying a corporate travel management business in Mexico.Australia’s largest and most profitable travel agency chain has signed a non-binding agreement to acquire Koch Overseas de Mexico, which employs 100 people in Mexico City, Monterrey, Puebla and Cancun.
Flight Centre has disclosed no acquisition price for the 65-year-old company but says a deal is likely to be completed in coming months.
The agent says the deal is still subject to due diligence and conditions.
Managing director Graham Turner says having a company-owned presence in Mexico is a natural extension of Flight Centre’s North American business.
Flight Centre Travel Group reported a net profit of AUD 100.31 million in the first half of the 2015 financial year.
Edited by William Sykes