Kuehne & Nagel has completed the acquisition of ACR Logistics for Euro 440m. With more than 40,000 employees in more than 100 countries, it now ranks among the top five global service providers in contract logistics.
“This acquisition marks a quantum leap for our organisation”, said Klaus-Michael Kuehne, executive chairman of the board of directors of Kuehne & Nagel International. “ACR Logistics represents an excellent strategic fit for Kuehne + Nagel and strengthens our contract logistics capabilities, know-how and management competence significantly.”
ACR Logistics will operate under the Kuehne & Nagel brand and will be fully integrated into the group structure. As a result of the enlarged customer base, Kuehne & Nagel expects increased cross selling opportunities particularly in Eastern Europe and Asia as well as a further enhancement of profitability.
“We share with Kuehne & Nagel a philosophy of creating the highest possible value for customers and developing logistics solutions that offer a competitive edge. I am convinced that jointly we are better than ever positioned to become the preferred logistics provider for customers,” said Xavier Urbain, former chief executive of ACR Logistics, who has been appointed member of the Kuehne + Nagel Group Management and heads the newly created Kuehne + Nagel region south west Europe.