Lufthansa Cargo sells majority stake in time:matters

Lufthansa Cargo sells majority stake in time:matters German finance house Buchanan Capital Partners has acquired a 51 percent stake in time:matters GmbH, which specializes in courier, same-day and emergency logistics, from air cargo carrier Lufthansa Cargo. Financial details have not been disclosed.
   'With the buyout, we are taking time:matters nearer its goal of becoming the European market leader in courier, same-day and emergency logistics by 2010,” said Roland Busch, Lufthansa Cargo's executive board member finance and human resources, who is retaining his seat on the advisory board of time:matters.
   Franz-Joseph Miller, managing director of time:matters, said, 'The new ownership structure generates a tailwind to help us take the company to the next level and realize additional growth potential. We are looking forward to a good future with strong partners, who are injecting not only capital but outstanding industry contacts and additional expertise.'
   All of time:matters' 45 staff will remain with the company.
   Buchanan Capital Partners is a part of the Starnberg-based independent finance house Buchanan Capital Group.