K+N to add to pharma offering with company acquisitions
17 / 03 / 2017
Global logistics services provider Kuehne + Nagel (K+N) has said that it continues to prioritise its pharma and healthcare offerings “across all business units and all regions worldwide”.
To that end, it has confirmed that it is to acquire two specialised pharma logistics companies.
In Turkey, K+N has entered into an agreement to acquire Zet Farma, which it describes as “the national market leader in pharma logistics”.
Established in 1992 and now employing 400 staff, Zet Farma operates 56,000 sq m of space at four pharma grade warehouses in Istanbul.
The deal will mark K+N’s entry into the rapidly growing Turkish pharma logistics market.
Meanwhile, in Italy, K+N has acquired Ferlito Pharma Logistics, a major player in pharma logistics offering GxP-compliant warehousing and forwarding services, including local distribution (GxP relates to the regulations and guidelines applicable to life sciences companies manufacturing medical products such as drugs, medical devices and medical software applications).
Gianfranco Sgro, the member of the Management Board of Kuehne + Nagel International AG who is responsible for contract logistics, explained: “The pharma logistics market is expected to significantly grow due to global demographic changes and increased consumer spending.
“It is one of the markets (in which) Kuehne + Nagel differentiates itself by operational excellence, global footprint and dedicated logistics infrastructure.”
The Zet Farma acquisition is subject to approval by relevant Turkish regulatory authorities, and both transactions are subject to customary closing conditions.
Earlier this week, K+N revealed that it has invested in 50 temperature-controlled trailers to grow its dedicated road-haul pharma network in Belgium and Luxembourg.