K+N expands perishables network with Salmosped acquisition

By Rachelle Harry

Image: Kuehne+Nagel

Kuehne+Nagel (K+N) is expanding its perishables network with the acquisition of Norwegian freight forwarder Salmosped, which specialises in the transportation of seafood.

Norway is one of the largest fish and aquaculture producers in the world and its exports have remained strong throughout the pandemic.

K+N said that over the years, it has developed a global perishables logistics network comprised of more than 70 stations to provide its end-consumers with an optimal product shelf life and maximum freshness.

The Salmosped transaction is subject to customary closing conditions, including clearance by the competent merger control authorities.

Dennis Verkooy, senior vice president of global perishables, and head of carrier Management air logistics, at K+N, commented: “Perishables logistics is a strong growth driver for Kuehne+Nagel.

“While we have been present in the seafood business in Norway for years, today’s acquisition strengthens our footprint in air freight exports from this important seafood producing country.

“We are looking forward to enlarging our Norwegian team with Salmosped’s specialists.”

Last week, K+N agreed to sell a 24.9% stake in recently acquired Apex International to private equity firm Partners Group.

The forwarder said that following the deal, it will work alongside Partners Group to implement a “transformational value creation plan” for the China-based forwarder with key initiatives including establishing new freight forwarding routes; identifying new growth verticals, such as healthcare; and M&A.

Partners Group will also join majority shareholder K+N Group with a seat on the Apex Board.

Share this story

Related Topics

Latest freight forwarder news

Seko promotes Dalton in legal role

By Damian Brett

Seko Logistics has promoted Char Dalton to chief legal officer and chief of staff to focus on the company’s long-term…

Read More

Share this story

B&H reports huge rise in OBC demand

By Damian Brett

There has been a “rapid expansion” in demand for onboard courier (OBC) services, according to aerospace logistics firm B&H Worldwide….

Read More

Share this story

Seko Logistics launches e-commerce unit

By Damian Brett

Seko Logistics has launched a new e-commerce business unit as it looks to grow cross-border e-commerce volumes. The new business…

Read More

Share this story