Kuehne + Nagel takes over Grupo Eichenberg (Brazil)

Kuehne + Nagel strengthens its position in the growth market Brazil and grew above market-average in the first half of the year 2011:

Kuehne + Nagel is accelerating the expansion of its activities in Brazil. In a press release the enterprise announced that it has entered into an agreement to take over the shares of Grupo Eichenberg. The company managed by the family’s third generation, headquartered in Porto Alegre, employs approximately 700 staff at 14 locations who provide integrated logistics solutions.

In the road logistics sector, Grupo Eichenberg is one of the leading providers, both in the domestic market and in Mercosur trades; the company operates daily services to and from Argentina, Chile and Uruguay. “Besides this core competence, Grupo Eichenberg is also very successful in domestic airfreight forwarding, another important segment of the Brazilian logistics market“, so Kuehne + Nagel.

“This acquisition is in line with our global growth strategy and ideally fits our objective to significantly expand our activities in particular in Brazil, one of the world’s key growth markets. Grupo Eichenberg complements the service offering and customer base of our strongly performing national company. Together, we are able to increase our value proposition by providing global integrated door-to-door solutions in Brazil“, Karl Gernandt, Chairman of the Kuehne + Nagel International AG names the reasons for this acquisition.

During the first half of 2011, the Kuehne + Nagel group achieved growth above the market average in all business units. Despite considerable negative currency effects, net earnings improved by 11 per cent to CHF 312 million. The operational result (EBITDA) increased by 5.7 per cent to CHF 502 million, while turnover at CHF 9,786 billion was slightly below previous year’s level due to negative currency effects.

With seafreight volumes increasing by 12 per cent in the first half of the year, Kuehne + Nagel said it succeeded in doubling the market growth rate. Highest growth was achieved in exports from Europe to North America and Asia as well as from Asia to Latin America and the Middle East. In airfreight, Kuehne + Nagel increased tonnage by 18 per cent.

The growth drivers were the routes from Europe to North America and Asia and the volume increased in trades from North America to Europe and to South America. As for European land transport the extension of activities in the groupage, full load and part load businesses led to a 21.4 per cent rise in net invoiced turnover. In contract logistics net invoiced turnover rose currency adjusted by 5.4 per cent. New businesses and the consolidation of warehousing activities at major logistics centres supported the enhancement of capacity utilisation to 94 per cent. The Kuehne + Nagel Group has currently more than 60,000 employees at 900 locations in over 100 countries.

Quelle: LogEastics
Portal: www.logistik-express.com