Lufthansa Cargo takes over time:matters

Lufthansa Cargo took over complete ownership of the time:matters Group, experts in global sameday delivery and time-critical international spare part logistics. The cargo airline, which spun off time:matters as a subsidiary in 2002, had already held a 49% share. The majority 51% shareholding had been held by financial investor Aheim Capital and time:matters management. Lufthansa Cargo and time:matters had already been cooperating successfully on express products. The takeover is in line with the Lufthansa Group’s “7 to 1: new concepts for growth” strategy. “time:matters has established itself in recent years as a leading specialist for sameday delivery and emergency logistics in Europe”, said Peter Gerber, CEO and Chairman of the Executive Board of Lufthansa Cargo. “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”, said Gerber. time:matters is to be maintained as an independent company.