Kuehne + Nagel to acquire Alloin Group

Source: Supply Chain Digital

Date :22/10/2008 09:16:02

The Kuehne + Nagel Group said October 20, that it has entered into an agreement to acquire the French groupage provider Alloin Group.

“For Kuehne + Nagel this marks one of the most important milestones in becoming a leading European overland transport company,” the company said in a statement.

Alloin, based close to Lyon in Villefranche-sur-Saône, ranks among the leading groupage providers in France with an annual turnover of approximately €300 million and 3,000 employees.

The family-owned company operates 53 cross-docking terminals across the country and handles 20,000 shipments per day, Kuehne + Nagel said.

Commenting on the deal, which is subject to the approval of EU authorities, Xavier Urbain, Management Board member of Kuehne + Nagel International, said that the acquisition would give the company “a foothold and a strong position” in France.

“In the scope of our pan-European business development, the expansion of our road logistics activities in France is of the highest importance,” Urbain said.