Kuehne + Nagel has continued its strategy of smaller, bolt-on acquisitions, yesterday scooping up the logistics activities of Indonesia-based Wira Logistics.
The Swiss forwarder said the acquisition represented an extension of an existing strategic partnership and would allow K+N to establish a “nationwide logistics and distribution network to provide fully integrated end-to-end logistics solutions across Indonesia”.
Gianfranco Sgro, K+N board member responsible for contract logistics, explained: “Indonesia is arguably the most important internet market …
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Source: The Loadstar