SWISS forwarding giant Kuehne + Nagel has strengthened its ties to Indonesia through
acquisition of a partnership with Wira Logistics, a leading firm in
the sector.
Thus underpins the establishment of
nationwide logistics and distribution network to provide fully integrated
end-to-end logistics solutions across Indonesia, said the Swiss forwarding
giant.
"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," said Gianfranco
Sgro, member of the K+N International managing board.
"With this we can leverage our
global e-commerce 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," Mr Sgro 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.
Said K+N South Asia Pacific chief Jens
Drewes: "We are very excited by this acquisition and the
additional opportunities that it will create for our business."
Said Wira president Ekahadi Djaja:
"Our existing and future customers stand to benefit from Kuehne + Nagel's
market-leading position, capabilities and global expertise."
Source : HKSG.
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