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Lufthansa Cargo seals deal to acquire LUG aircargo handling

Lufthansa Cargo has signed an agreement to acquire 100% of LUG aircargo handling.

The transaction is one of the key pillars of Lufthansa Cargo’s growth strategy and is intended to create the infrastructural foundation for future profitable growth and further strengthen the company’s competitiveness.

With the planned acquisition, Lufthansa Cargo will gain immediately available, additional handling capacity within Germany.

With that, the company’s existing ground handling infrastructure, which is currently undergoing a fundamental modernisation as part of the LCCevo program with a total investment of around €600 million, will be complemented.

This will enable the company to support future growth while continuing to provide high-quality and reliable services to its customers.

“In an increasingly volatile market environment, we want to become more flexible, more efficient, and more resilient for our customers.

“That is why we are making targeted investments in our infrastructure in our home market in Germany to set the course to provide an even better offering for our customers and achieve profitable growth — this is a win-win situation for both companies. We will continue to stand for Enabling Global Business for Germany as an export nation and across our entire global network,” said Frank Bauer, chief operating officer of Lufthansa Cargo.