Kuehne + Nagel has announced the acquisition of the logistics operations of Wira Logistics, an Indonesian logistics company. According to the company, this strategic acquisition will strengthen Kuehne + Nagel’s nationwide warehousing and distribution network in Indonesia.
“Indonesia is arguably the most important internet market in South East Asia in terms of its sheer size, emerging middle class and digitally savvy population. With this acquisition we can leverage our global eCommerce strategy. At the same time it allows us to strengthen our Contract Logistics footprint in Asia and our position as a leading logistics service provider. The tightened domestic network will further enhance our value proposition of providing fully integrated end-to-end logistics solutions to our customers across Indonesia,” Gianfranco Sgro, member of the Managing Board of Kuehne + Nagel International AG, responsible for contract logistics said.
The expansion of Kuehne + Nagel’s warehousing and distribution capabilities in Indonesia where imports and exports account for close to US$300 billion annually has been a strategic focus for the company. The country’s burgeoning middle class is driving increased purchasing power making it an important consumer market for many companies.
“Wira is very proud to expand our fruitful relationship with Kuehne + Nagel. Our existing and future customers will stand to benefit from Kuehne + Nagel’s market-leading position, capabilities and global expertise,” Ekahadi Djaja, President Commissioner, PT, Wira Logistics said.