Flight Centre buying Mexican travel group

Flight Centre is buying a Mexican corporate travel group which employs 100 people.

Flight Centre is increasing its North American presence by buying a Mexican corporate travel group. (AAP)

Flight Centre is increasing its North American presence by buying a corporate travel management business in Mexico.

The Australian travel agency has signed a non-binding agreement to acquire Koch Overseas de Mexico, which employs 100 people in Mexico City, Monterrey, Puebla and Cancun.

The acquisition price for the 65-year-old company hasn't been disclosed but Flight Centre said a deal was likely to be completed in coming months.