Frankfurt am Main, Germany—Nov. 10, 2011—In a move that will further strengthen its market position CHAMP Cargosystems, a provider of integrated air cargo solutions, has acquired TRAXON Europe, a provider of electronic communications solutions to the air cargo industry.
The deal, agreed between CHAMP, Lufthansa Cargo and Air France, the majority shareholders of TRAXON Europe, will deliver synergy between the two companies, providing a strong, integrated portfolio of solutions that will accelerate initiatives such as e-freight, Cargo 2000 and global customs compliance.
“The combination of CHAMP’s software solutions and TRAXON’s wide network will result in the most comprehensive suite of software and distribution services available in the market, says John Johnston, CEO of CHAMP. TRAXON Europe is now a subsidiary of CHAMP and will continue to operate under the TRAXON name.
“By selling our stake in TRAXON to CHAMP, we are continuing our policy of concentrating on our core business,” said Andreas Otto, executive board member product and sales of Lufthansa Cargo. “TRAXON will remain a major partner of Lufthansa Cargo as a neutral platform and provider of electronic communication solutions.”