German private equity firm Aurelius Group has completed its acquisition of LSG Group from Lufthansa, and has named Karin Sonnenmoser as its new Chief Financial Officer.
Under the terms of the deal, which completed on 31 October, LSG Group retains its full name. It will become a stand-alone business with its brands LSG SkyChefs and Retail InMotion.
Longtime CEO Erdmann Rauer remains in post, joined by incoming CFO Karin Sonnenmoser.
Sonnenmoser has held senior roles at Volkswagen, Zumtobel Lighting Group and electronics retailer Ceconomy.
In addition to finance, she has a background in procurement and has served as a supervisory board member across different industries.
Under her leadership alongside Rauer, the business is “on track” to pursue its three-tier strategy spanning airline catering, onboard retail, and food commerce.
LSG and Aurelius: a ‘symbolic’ beginning
LSG Group said in a statement its focus is on creating value for its customers and new shareholders, while exploring new opportunities.
The acquisition does, however, mark a “symbolic new beginning” after spending more than five decades as part of Lufthansa Group.
“Today, our company starts a new chapter in its long history, and we are excited about the unlimited possibilities ahead,” said Rauer.
“We do wish to thank the leadership of Lufthansa for their many years of steady stewardship as the LSG Group evolved, adapted and grew stronger as an industry leader.
“Especially during the years of the pandemic, the LSG Group reasserted its value and resiliency as a service provider to the airline industry and beyond.
“We are proud to have been part of the Lufthansa Group, but are now ready and eager to embark on a new journey.
“Thank you also, of course, to the Aurelius Group for believing in our potential and their willingness to invest in our future.”
Earlier this year, LSG Group entered into a “strategic partnership” with onboard solutions provider Kaelis, building on a relationship initially formed in 2022.