German urgent shipment specialist time:matters fully acquired CB Customs Broker and Customs Broker Cargo Handling today. (13 September)
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 in the future.
time:matters said the acquisition will provide growth opportunities and extensive customs clearance and handling expertise. It will expand its range of services in the logistics chain for the development of tailored transport solutions through this acquisition.
Founder and managing director Stelios Ntounakis will remain in his roles and manage the businesses together with time:matters. The companies’ more than 70 employees will also be kept on.
Customs Broker and time:matters have enjoyed a strong and successful cooperation at Frankfurt Airport since 2006.
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.”
“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,” said time:matters managing director, Alexander Kohnen.
He added: “We will be able to respond even more flexibly to customer requests, reinforcing our claim to be the premium provider of special speed logistics.”