Zurich Airport, December 17, 2009

Merger of Cargologic Freight Services AG and Cargologic AG

Cargologic AG and CFS (Cargologic Freight Services AG) will merge on      January 1, 2010. The aim of the merger is to simplify and consolidate the service offering for customers, and to generally improve profitability.

CFS (Cargologic Freight Services AG), which was founded three years ago, operates in Zurich, Basel and Lugano. The company specialises primarily in landside handling of airfreight. This perfectly complements Cargologic's service offering, which traditionally has a strong focus on airside freight handling.

In recent years, both companies have increasingly coordinated their service offerings and operational processes. The merger signifies the culmination to date of this optimisation process from which customers, too, will benefit. To ensure consistency, in future a single brand strategy will be used and customers will be offered the entire logistics process from a single source.

No staff changes are planned at CFS or Cargologic. Peter Somaglia will remain Managing Director of Cargologic. The resulting, strengthened Cargologic will offer consistent, single-source services for air freight customers. This new, one-stop service offering will thus also simplify organisational matters for customers.

Leaders in airfreight handling
Cargologic is the market leader in airfreight ground handling in Switzerland. Its 600 or so employees handle up to 500,000 tons of airfreight per year. The company is represented at airports in Switzerland (Zurich, Basel, Berne, Lugano), Germany (Frankfurt) and, through its sister company Skylink, also in Amsterdam and Brussels. Cargologic offers airlines and forwarders tailor-made solutions for all airfreight handling orders. This includes the handling of import, export and transit shipments, as well as special consignments and security checks for air freight. Cargologic also runs a bonded warehouse at Zurich Airport with over 6000m2 of space.

Cargologic and Skylink are Rhenus Group companies
The Rhenus Group has an annual turnover of EUR 3.1 billion, making it
one of the world’s leading providers of logistics services. It has some
17,700 employees based at 290 locations worldwide. Rhenus’s Contract Logistics, Freight Logistics, Port Logistics and Public Transport divisions manage complex supply chains and provide innovative value-added services.