K+ N strengthens perishables and overland network through acquisitions
July 25, 2019: Yesterday Kuehne + Nagel announced the acquisition of Halifax-based Worldwide Perishable Canada Co. (WWP), further enhancing its perishables network.
Founded in 1999, the company is one of the largest freight forwarders in the country and a top player for perishables cargo being the market leader in tuna export.
With a strong footprint on the East Coast, WWP will strengthen the existing Kuehne + Nagel perishables network in Canada.
Greg Martin, regional airfreight manager Kuehne + Nagel North America said: "Setting up global certified standards which are reflected in our KN FreshChain solution, has further strengthened our perishables network worldwide, making it the largest in the industry."
The combined volume of both companies' business portfolio will account for more than 17,000 tonnes air export of perishables per annum out of Canada strengthening Kuehne + Nagel's market leading position in North America.
Jamie Wood, National manager, Kuehne + Nagel Canada adds: "Acquiring a specialized player in seafood logistics, Kuehne + Nagel consolidates its leading position in the market. Using the network and experience of both companies, our customers can benefit from an enhanced offering and the best possible solution to their needs."
In order to enhance its overland network, Kuehne + Nagel Austria acquired Jobstl, a medium-sized logistics enterprise headquartered in Wundschuh near Graz.
In future, particularly those customers requiring European groupage services can benefit from the transport operations offered by the Jobstl Group.
The acquisition is subject to approval by the responsible antitrust authorities. As part of the acquisition, 100 percent of SLM Spedition und Logistik GmbH, Vienna, shares will be transferred to Kuehne + Nagel. The parties have agreed not to disclose the purchase price of the transaction.
Jobstl Group is a family-owned business built, strongly rooted in their home state of Styria.