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

Freightos Group acquires 7LFreight

By Rebecca Jeffrey

The Freightos Group has acquired North American rate management company 7LFreight. The deal means that the WebCargo booking solution will…

Read More

Share this story

Swissport acquires Aruba’s AGS Aviation Ground Services

By Rebecca Jeffrey

Swissport has finalised the acquisition of AGS Aviation Ground Services in Aruba and its ground handling operations at Queen Beatrix…

Read More

Share this story

VINCI to develop cargo at Brazil’s Manaus Airport

By Rebecca Jeffrey

VINCI Airports has taken over the operations of Manaus International Airport in Brazil and plans to further develop its cargo…

Read More

Share this story