Sovereign Speed enters airfreight market with Businesswings acquisition

By Rachelle Harry

Time-sensitive trucking firm Sovereign Speed has expanded into the airfreight market thanks to its acquisition of German Kassel-based airline Businesswings.

The acquisition means that Sovereign Group is now able to offer its customers all forms of urgent transport, from direct journeys to overnight transport, via its own express network or aircraft charters.

“For us, this is a strategic investment, because Sovereign Speed’s customer solutions – and in particular, the European express network, and the collection and delivery runs – can be perfectly combined with those of Businesswings,” said explains Frank Liebelt, group managing director of Sovereign Speed.

Businesswings will now operate as part of the Sovereign Speed as a full-fledged subsidiary. The company’s structure will remain the same and the current 20 employees and managing director Jens Maecker will remain with the company, which holds an air operator’s certificate.

“We are pleased to maintain the course of Businesswings and to continue the very successful business model with the existing team,” added Liebelt.

Share this story

Related Topics

Latest acquisitions news

K+N’s air division earnings boosted by Apex deal

By Rachelle Harry

Forwarder Kuehne+Nagel (K+N) has more than doubled its earnings in the first half of 2021. The company said that “continued recovery…

Read More

Share this story

Geodis strengthens pharma offering with Gandon Transports acquisition

By Rachelle Harry

Supply chain firm Geodis is set to expand its presence in the pharma market with the acquisition of temperature-controlled logistics…

Read More

Share this story

DP World to expand Africa and Europe presence with Imperial acquisition

By Rachelle Harry

Supply chain solutions provider DP World has revealed plans to acquire Imperial Logistics in an $890m deal. Dubai-headquartered DP World,…

Read More

Share this story