Traxon becomes cargo Champ
10 / 11 / 2011
AIR cargo software provider Champ Cargosystems has acquired electronic communications company Traxon Europe.
The deal was agreed between Champ, Lufthansa Cargo and Air France – the majority shareholders of Traxon Europe. The move will help accelerate initiatives such as e-freight, Cargo 2000 and global customs compliance, Champ said.
“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,” John Johnston, chief executive officer of Champ, remarked.
Traxon Europe is now a subsidiary of Champ but will continue to operate under the Traxon name.
“Traxon will remain a major partner of Lufthansa Cargo as a neutral platform and provider of electronic communication solutions,” Andreas Otto, executive board member product and sales of Lufthansa Cargo, said.
Carrier Air France Cargo has the future in mind. “The Air France-KLM group believes the deal with Champ enhances Traxon’s long-term strategy as a specialist for electronic cargo distribution services under the Champ umbrella,” Florence Parly, executive vice-president of Air France Cargo, commented.