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Jan 9, 2007 (newstodate): Buchanan Capital Partners has acquired a majority stake in time:matters, a Lufthansa Cargo subsidiary .
The new ownership structure is designed to further accelerate the expansion of the logistics company, which specialises in express and sophisticated logistics services.
The annnounced target for time:matters is to become European market leader in courier, sameday and emergency logistics by 2010.
Since its spin-off from Lufthansa Cargo in 2002, time:matters has posted two-digit annual revenue growth, but to finance further growth Lufthansa needed a financially strong equity partner willing to invest in the company in the form of a buyout.
The sale at an undisclosed price will free capital to bolster Lufthansa Cargo's growth in other key business areas.
The new ownership structure is designed to further accelerate the expansion of the logistics company, which specialises in express and sophisticated logistics services.
The annnounced target for time:matters is to become European market leader in courier, sameday and emergency logistics by 2010.
Since its spin-off from Lufthansa Cargo in 2002, time:matters has posted two-digit annual revenue growth, but to finance further growth Lufthansa needed a financially strong equity partner willing to invest in the company in the form of a buyout.
The sale at an undisclosed price will free capital to bolster Lufthansa Cargo's growth in other key business areas.