Lufthansa Cargo has taken complete ownership of time:matters after financial investor, Aheim Capital sold its 51 per cent share.
The sameday delivery and time critical international spare parts logistics company was spun-off as a subsidiary in 2002, and the takeover is part of Lufthansa Group’s ‘7 to 1: new concepts for growth’ strategy. time:matters will remain an independent company.
Lufthansa Cargo chief executive officer (CEO) and chairman of the executive board, Peter Gerber says: “time:matters has established itself in recent years as the leading specialist for sameday delivery and emergency logistics in Europe. With time:matters, we are aiming to grow our business in the special segment as well. Our focus is all about maximum reliability, exceptional service and customised solutions.”
time:matters CEO, Franz-Joseph Miller says: “With its technology and service platform, hardly any other logistics company can match time:matters in terms of service and flexibility. Since 2006, we have more than tripled our revenue to over 65 million euros.”