Kuehne + Nagel has acquired Indonesian logistics company Wira Logistics, a strategic acquisition to strengthen its warehousing and distribution network.
The expansion of Kuehne + Nagel’s warehousing and distribution capabilities in Indonesia where imports and exports account for close to $300 billion annually has been a strategic focus, with increased purchasing power among the country’s middle class.
Kuehne + Nagel International member of the managing board responsible for contract logistics, Gianfranco Sgro says Indonesia is a very important market due to its size and digital savvy population.
He 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.”
Kuehne + Nagel president of South East Asia, Jens Drewes says the company started operations in Indonesia in 1992 and has become the logistics partner of choice for many blue-chip and local companies.
He says: “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.”
Wira Logistics president commissioner, Ekahadi Djaja adds: “Wira is very proud to expand our fruitful relationship with Kuehne + Nagel. Our existing and future customers will stand to benefit from Kuehne + Nagel’s market-leading position, capabilities and global expertise.”