Kuehne + Nagel: Expansion in Brazil

Schindellegi / CH, July 18, 2011 – Kuehne + Nagel announced today that it has entered into an agreement to take over the shares of Grupo Eichenberg, Porto Alegre, Brazil. This strategic acquisition will enable Kuehne + Nagel to provide integrated door-to-door logistics solutions and to speed up expansion in Brazil.

Grupo Eichenberg, a family owned business, can look back on 75 years of history. Today, headquartered in Porto Alegre, the company is managed by the family’s third generation and employs approximately 700 staff. At 14 locations, the Group provides 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.

Karl Gernandt, Chairman of the Kuehne + Nagel International AG said: “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.”

“In a dynamically growing market, companies from industry and trade are looking for global logistics solutions, allowing them to create value and increase competitive advantage,” said Gerson Eichenberg, Chairman of Grupo Eichenberg. “Jointly, we can optimally meet these requirements, and thus further strengthen Kuehne + Nagel’s market position,” the two gentlemen announced.

About Kuehne + Nagel

With more than 60,000 employees at 900 locations in over 100 countries, the Kuehne + Nagel Group is one of the world’s leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based lead logistics solutions.

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