Time:matters swoops on customs firms

13 / 09 / 2018

Logistics firm time:matters has acquired CB Customs Broker and Customs Broker Cargo Handling as it expands the range of services on offer to customers.

The Lufthansa-owned time critical logistics firm said that both companies will continue to act as neutral partners and offer their existing services, including customs clearance and air cargo handling, to forwarders, integrators and courier companies.

Founder and managing director Stelios Ntounakis will remain in these roles and manage the businesses together with time:matters. The companies’ more than 70 employees will also be kept on.

Ntounakis said: “CB Customs Broker and Customs Broker Cargo Handling will continue to go from strength to strength under the time:matters umbrella.

"As managing director of the Customs Broker companies, I will work closely with time:matters. This will ensure the continuity of the business model and maintenance of existing customer relationships into the future as well."

Alexander Kohnen, managing director of time:matters Holding, added: "This acquisition represents a continuation of our growth strategy and means we can incorporate decades of customs clearance and cargo handling expertise into time:matters services.

"We will be able to respond even more flexibly to customer requests, reinforcing our claim to be the premium provider of special speed logistics."

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