Kuehne + Nagel to buy DEUS’s groupage business
Swiss forwarding and logistics group Kuehne + Nagel International AG said Monday it will expand its overland operations in Germany with the takeover of the groupage cargo division of Oldenburg-based forwarder F.W. DEUS GmbH & Co. KG. for an undisclosed amount.
DEUS has been a member of the German groupage network IDS since 1982, and guarantees 24/48 hour nationwide door-to-door delivery of groupage consignments. DEUS will instead focus on its traditional core business of removals and furniture logistics.
“The acquisition of DEUS’s overland operations enables us to further enhance our network in Germany as well as the utilization of IDS infrastructure for German and European groupage services,” said Ewald Kaiser, Kuehne + Nagel’s managing director. “At the same time, we will be able to increase the efficiency of our distribution activities out of Bremen even more.”
Under terms of the agreement, all groupage operations and related 130 employees of DEUS will transfer to the independent Kuehne + Nagel subsidiary operating under the name KN DEUS GmbH.
The takeover is subject to the approval of the antitrust authorities.
Kuehne + Nagel to buy DEUS’s groupage business
