Flight Centre Travel Group (FCTG) has signed a preliminary agreement to acquire Mexico City-based corporate travel management business Koch Overseas de Mexico. The deal is expected to be finalized by in the coming months, upon ratification by the FCTG board.
Koch Overseas de Mexico was originally founded in 1950 and employs more than 100 people in its offices in Mexico City, Monterrey, Puebla and Cancun. The business is already 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 FCTG The Americas, and continue to oversee all operations in the country.
Although it began as a leisure travel agency, Flight Centre Travel Group is now also a corporate travel manager, with a network of specialist brands that includes FCm, Corporate Traveler, ciEvents, Campus Travel and Stage & Screen. In the USA, Liberty Travel and GOGO Vacations brands are part of the FC USA portfolio, along with Worldwide Traveler, Travel Associates and FlightCenter.com.
FCTG now has approximately 2800 shops and businesses in Australia, the United Kingdom, Canada, the United States, South Africa, New Zealand, Singapore, mainland China, Hong Kong, India, Ireland and the United Arab Emirates.