Kuehne + Nagel has announced the acquisition of the logistics operations of Wira Logistics, an Indonesian logistics company. This strategic acquisition will develop Kuehne + Nagel’s nationwide warehousing and distribution network in Indonesia.
The expansion of Kuehne + Nagel’s warehousing and distribution capabilities in Indonesia, where annual imports and exports account for close to $300bn, has been a strategic focus for the company. The country’s rapidly increasing middle class is driving increased purchasing power making it an important consumer market for many companies.
Gianfranco Sgro, member of the Managing Board of Kuehne + Nagel International AG, responsible for contract logistics, says: “With this acquisition we can leverage our global eCommerce 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.”
Source: Kuehne + Nagel
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