Kuehne + Nagel on Monday announced the acquisition of the operations of Indonesian company Wira Logistics.
Kuehne + Nagel said the acquisition will strengthen its nationwide warehousing and distribution network in Indonesia.
“Indonesia is arguably the most important internet market in Southeast Asia in terms of its sheer size, emerging middle class and digitally savvy population. With this acquisition we can leverage our global e-commerce strategy,” said Gianfranco Sgro, a member of the managing board of Kuehne + Nagel International AG and responsible for contract logistics.
“At the same time it allows us to strengthen our contract logistics footprint in Asia,” Sgro said. “The tightened domestic network will further enhance our value proposition of providing fully integrated end-to-end logistics solutions to our customers across Indonesia.”
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 for the company, according to Monday’s announcement.
Kuehne + Nagel also recently opened offices in Baku, Azerbaijan and Almaty, Kazakhstan to meet the growing demand for logistics services primarily in the oil and gas industry.
The company said both countries are experiencing annual GDP growth rates of around 4 percent.
Perry Neumann, president of Cluster Russia + CIS and general director of Kuehne + Nagel LLC, said, “Particularly in Azerbaijan and Kazakhstan, our proven expertise in oil and gas and project logistics and our strong global network are best suited to meet the soaring market demand and provide comprehensive state-of-the-art solutions.”