Kuehne+Nagel acquires Spanish road logistics provider TDN
Immediately earnings accretive acquisition, complementary to Kuehne+Nagel’s existing road logistics business.
Kuehne+Nagel has entered into an agreement to acquire Transporte y Distribución Nacional (TDN), a well-established Spanish road logistics services provider headquartered in Madrid.
The move significantly strengthens Kuehne+Nagel's European groupage network, says an official release.
TDN has over 600 employees and handled more than one million shipments in 2024. With 45 terminals and a fleet of over 700 vehicles within their partner network, TDN serves more than 200 daily routes linking the entirety of Spain as well as the Balearics, the Canaries and Portugal, the release added.
"TDN is a local champion with a comprehensive road groupage network in Spain. Combined with our existing network, we will be better equipped to serve our European customers with competitive lead times and an increased frequency of departures to and from the Iberian Peninsula," says Hansjörg Rodi, Executive Vice President, Road Logistics, Kuehne+Nagel. "This aligns with our strategic growth initiatives and adds value to our existing business."
Susana Fernández Paradela, President, TDN adds: "Both TDN and Kuehne+Nagel are strongly committed to entrepreneurship and service excellence, and our road freight networks are highly complementary. With this great cultural and operational fit, we look forward to serving our customer base with more comprehensive logistics solutions and creating new opportunities for career growth for our colleagues."
Upon completion, it will be immediately earnings accretive and fully complementary to Kuehne+Nagel’s existing road logistics business. TDN will be fully integrated with Kuehne+Nagel to combine both company’s strengths, streamline operations, and deliver enhanced value to customers. The priority will be to retain and leverage the talents across both companies to ensure a seamless transition and future success, the release added.
