Logistics company Kuehne + Nagel has strengthened its presence in Southeast Asia by buying Indonesian firm Wira Logisitcs.
The German firm wants to use the purchase to establish a nationwide logistics and distribution network, as well as fully integrated logistics solutions across Indonesia.
It pointed to Indonesia’s growing economy and middle class as the reason behind its investment in the country.
Indonesia’s import and export market is worth US$ 300 billion annually, and its population has grown in size and wealth this century, making it an “important consumer market for many companies”, according to Kuehne + Nagel.
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Jens Drewes, President of Kuehne + Nagel South Asia Pacific, commented: “Kuehne + Nagel started operations in Indonesia in 1992. Over the years, we have become the logistics partner of choice for many blue chip multi-national corporations and local companies.
“These partnerships are a testament of our expertise and understanding of our customers’ needs, regardless of the size of their company.
“We are very excited by this acquisition and the additional opportunities that it will create for our business”.
Ekhadi Djaja, President Commissioner, Wira Logistics, commented: “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”.