Deutsche Lufthansa AG today announced that its subsidiary Lufthansa Systems Group is in merger talks with Atraxis Group. Lufthansa and the Swissair Group have already signed a Letter of Intent to this effect.
Lufthansa Systems Group, a premier information technology service provider, and Atraxis Group, a leading international provider of comprehensive IT solutions for the aviation industry, have initiated talks, which have the full support of both the Lufthansa and Swissair Group boards.
Lufthansa Systems Group and Atraxis Group are both leaders within their own sectors. A merger would strengthen their value proposition for their customers and enable a possible new company to provide an even more comprehensive offering to its worldwide client base.
“The Lufthansa Systems Group and Atraxis Group have very similar corporate strategies. The product and service portfolios of both companies complement one another,” said Dr. Peter Franke, Chairman of the Board of Management of Lufthansa Systems Group. Together they would offer their customers in the aviation sector - airlines, cargo airlines and airports - a unique range of services encompassing the entire value chain, right through to provision of complete business processes.
A merger of the two companies would also allow customers to call on a larger and more dynamic pool of experts as well as a greater fund of know-how. As a result, projects could be implemented not only faster, more flexibly and more economically but also tailored to a company`s specific needs and up to the leading industry standard.
The Lufthansa Systems Group GmbH and its 17 subsidiaries are among the leading international providers of IT solutions in the airline and aviation market. Together the Group companies generated a consolidated revenue of almost €600 million in 2000.
The proposed merger still requires the approval of the regulatory authorities as well as of the relevant company boards.