Lufthansa’s time:matters acquires customs specialist Customs Broker

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Sep 17, 2018: time:matters, a Lufthansa Group company, has fully acquired Germany-based CB Customs Broker GmbH and Customs Broker Cargo Handling GmbH as of September 13, 2018.

As part of the acquisition, 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. 

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 critical logistics firm time:matters have enjoyed a strong and successful cooperation at Frankfurt Airport since 2006.

“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,” said Ntounakis.

“We will be able to respond even more flexibly to customer requests, reinforcing our claim to be the premium provider of special speed logistics,” said Alexander Kohnen, managing director of time:matters Holding GmbH.

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