The transport and handling specialist has acquired T World Service GmbH, thereby expanding its range of business activities by including AOG operations. With the takeover of T World, which runs stations at the airports of Frankfurt and Hamburg, the Sovereign Group is strengthening its position as an express logistics provider and expanding its core competencies in the area of urgent shipments.
By adding T World Service to its Group of companies, Sovereign is widening its already broad range of services. This includes direct shipments, overnight transport via its own express network – both by road and by air – on-board courier services, and, most recently, AOG services. According to its press release, with the exception of vessel solutions, there is no transport requirement in Europe that the company cannot meet.
“With this acquisition, we are expanding our group with a well-established company, thereby laying the foundation for further growth. The additional services offer great potential to expand our service portfolio to additional locations in the future and to offer our customers even more comprehensive solutions from a single source. Together, we will leverage the strengths of both companies to sustainably fortify our market position and continue our successful development,” said Karim El-Sayegh, Group Managing Director of Sovereign, while explaining the acquisition to the press.
Sovereign fills another niche
T World Service, managed by its Founder, Rachid Touzan, from day one, will become a wholly owned subsidiary (100%) of the Sovereign Group as a result of the transaction. However, T World Service will retain its existing organizational structure. The company’s more than 50 employees, as well as Managing Director Rachid Touzani, will also stay on board. “We are pleased to maintain T World Service’s current course and continue its highly successful business model with the existing team,” emphasizes El-Sayegh.
Excellent fit
T World Service – much like Sovereign – works exclusively with other transportation and logistics companies. This core principle of the business model will remain in place and expand. Rachid Touzani also highlights other commonalities that should facilitate collaboration: “It was particularly important to me to find a partner who shares our values. These include an uncompromising focus on the customer, a high degree of reliability, honesty, and transparency in decision-making – not only toward business partners but also toward our own people. That is why I am very pleased to know that the company I founded is in the hands of a corporate group that is an excellent fit for us and offers the best conditions for further, shared business activities.”
“Airline on wheels”
Sovereign Speed was founded in 1998 as a neutral and independent express carrier, headquartered in Hamburg. Starting with a single linehaul route from Hamburg to Brussels, the newcomer quickly grew into a premium provider of urgent freight services in Europe. With more than 100 overnight connections and a wide range of express handling services for time-sensitive freight, the Sovereign Group is now one of the key players in this segment. It manages 50,000 m² of warehouse space for the handling and storage of shipments and operates 500+ vehicles from sprinters to large trucks. Due to its scheduled road services, such as from Hamburg via Cologne and Brussels to London Heathrow, the company’s founders, Karim El-Sayegh and Martin Araman, refer to Sovereign as an “Airline on Wheels”.
