The European Commission has approved the proposed
acquisition by Gefco Deutschland GmbH, a logistics subsidiary of French car-maker Peugeot,
of a controlling share in KN ELAN GmbH & Co KG.
KN ELAN is a German trucking subsidiary of the forwarding group Kuehne
& Nagel.
The EC said that the business activities of Gefco and KN ELAN overlap
only in Germany and that the proposed merger of the two companies does not give rise to
any competition concerns.
Kuehne & Nagel will retain a minority shareholding in KN ELAN.
The EC said that many small and medium-sized businesses operate in the German freight
market alongside major companies, such as the Deutsche Post, Schenker and Dachser.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now