Kuehne+Nagel has acquired the logistics operations of Indonesia's Wira Logistics as it expects the country's e-commerce market to grow rapidly.
Gianfranco Sgro, member of the managing board of Kuehne + Nagel International AG, responsible for contract logistics, explained the deal: “Indonesia is arguably the most important internet market in South East Asia in terms of its sheer size, emerging middle class and digitally savvy population.
"With this acquisition we can leverage our global e-commerce 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.”
The company said that the expansion of its warehousing and distribution capabilities in Indonesia, where imports and exports account for close to $300bn annually, has been a strategic focus.
Said Jens Drewes, president of Kuehne + Nagel South Asia Pacific: "Kuehne + Nagel started operations in Indonesia in 1992. Over the years, we have become the logistics partner of choice for many blue chip multi-national corporations and local companies.
"These partnerships are a testament of our expertise and understanding of our customers’ needs, regardless of the size of their company. We are very excited by this acquisition and the additional opportunities that it will create for our business,”
Read more freight forwarder news
