CHAMP Cargosystems acquires Traxon Europe
CHAMP Cargosystems, a supplier of IT systems for the airfreight industry, has acquired electronic communications provider Traxon Europe. The merger will accelerate the deployment of e-freight and advance initiatives such as Cargo 2000 and global Customs compliance, officials from the newly combined company assert.
Executives from Lufthansa Cargo, Air France, CHAMP and Traxon Europe met in person to determine the parameters of the acquisition. Under the deal, Traxon will retain its current name and operate as a CHAMP subsidiary.
CHAMP CEO John Johnston said it’s an acquisition that will benefit all parties involved, including members of the airfreight industry. “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,” he stated.
Felix Keck, managing director of Traxon Europe, also praised the deal as a key step in the worldwide deployment of advanced IT systems. “The portfolio of electronic air cargo solutions we can jointly offer is a clear benefit for both company’s customers and the wider air cargo market,” Keck said in statement.
Officials from Air France and Lufthansa Cargo have also spoken out about the acquisition, extolling it for advancing Traxon’s long-term strategies. Plus, Lufthansa Cargo Executive Board Member of Product and Sales Andreas Otto said, selling the carrier’s stake in Traxon to CHAMP enables Lufthansa to concentrate on its core business. Not that Lufthansa will absolve its involvement with the IT initiatives, he maintained.
“Traxon will remain a major partner of Lufthansa Cargo as a neutral platform and provider of electronic communication solutions,” Otto said in a statement.