K+N swoops on Indonesian logistics firm as it targets e-commerce

Kuehne+Nagel has acquired the logistics operations of Indonesia’s Wira Logistics as it expects the country’s e-commerce market to grow rapidly.
Gianfranco Sgro, member of the managing board of Kuehne + Nagel International AG, responsible for contract logistics, explained the deal: “Indonesia is arguably the most important internet market in South East Asia in terms of its sheer size, emerging middle class and digitally savvy population.
"With this acquisition we can leverage our global e-commerce strategy. At the same time it allows us to strengthen our Contract Logistics footprint in Asia and our position as a leading logistics service provider.
"The tightened domestic network will further enhance our value proposition of providing fully integrated end-to-end logistics solutions to our customers across Indonesia.”
The company said that the expansion of its warehousing and distribution capabilities in Indonesia, where imports and exports account for close to $300bn annually, has been a strategic focus.
Said Jens Drewes, president of Kuehne + Nagel South Asia Pacific: "Kuehne + Nagel started operations in Indonesia in 1992. Over the years, we have become the logistics partner of choice for many blue chip multi-national corporations and local companies.
"These partnerships are a testament of our expertise and understanding of our customers’ needs, regardless of the size of their company. We are very excited by this acquisition and the additional opportunities that it will create for our business,”
Read more freight forwarder news
Click here for a free digital subscription

Share this story

Related Topics

Latest acquisitions news

New partnership aims to create SriLankan Airlines cargo feeder network

MMAG Aviation Consortium (MAC) will establish an air cargo feeder network to support SriLankan Airlines’ cargo operations if an investment…

Read More

Share this story

Three airlines vying for Asiana Airlines’ cargo business

Three low cost airlines are reportedly in the running to buy Asiana Airlines’ cargo business as part of conditions for…

Read More

Share this story

CMA CGM in talks with Balguerie over the sale of part of Bolloré Logistics

The CMA CGM Group has initiated the sale of 100% of Bolloré Logistics’ activities in Guadeloupe, Martinique, Saint-Martin, French Guiana,…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.