Third party logistics provider Kuehne + Nagel has acquired an Ecuador-based perishables business specialising in air transport of flowers and fruits named Panatlantic Logistics.
The combination Kuehne + Nagel’s current business portfolio and Panatlantic’s will account for 32,000 tons air export perishables per annum out of Ecuador, strengthening K+N’s position in the export market to the US, Europe and the Asia-Pacific region.
“We are very proud to become part of the Kuehne + Nagel Group,” said Panatlantic Logistics CEO Raúl Aragundi.
“By joining forces we will co-create an enormous potential of opportunities for our customers. Our strong and reliable market position in Ecuador will add and generate new and multiple chances for growing perspectives and services.”