KN takes over J Martens
09 / 03 / 2009
KUEHNE + Nagel has announced that it is to take over J Martens Holding, headquartered in Bergen, Norway.
Besides providing transportation and logistics services for the past 125 years in Norway, J Martens has set up operations in other key markets such as Singapore, Great Britain and the Netherlands.
“The acquisition of J Martens significantly strengthens our capabilities and position not only in Norway but also in the international oil and gas logistics market,” said Peter Ulber (right), executive vice-president sea and air logistics of K+N International. “It ideally fits our strategy to globally expand those services for our customers, which require a high level of industry-specific know how and experience.”
Didrik Trumpy Martens, chief executive officer of J Martens, said: “I am very pleased with the opportunities opening up to both J Martens and our customers through joining forces with the globally operating K+N Group. Our strong market position in Norway as well as our innovative industry solutions will support K+N’s ambitious expansion plans.”