Kuehne + Nagel expand Brazilian market

By Freddie Pierce
With debt mounting in Europe and unemployment remaining stubbornly high in the United States, some companies are looking elsewhere for growth. As one o...

With debt mounting in Europe and unemployment remaining stubbornly high in the United States, some companies are looking elsewhere for growth.

As one of the worldwide shipping and logistics leaders, Kuehne + Nagel’s strategy is no exception, as the company is looking to move more into Brazil for growth.

Consistent with that approach, Kuehne + Nagel acquired Porto Alegre’s Grupo Eichenberg earlier this week. Family-owned with approximately 700 workers in 14 locations, Grupo Eichenberg is expected to strengthen Kuehne + Nagel’s door-to-door logistics operations in South America.

“This acquisition is in line with our global growth strategy and ideally fits our objective to significantly expand our activities in particular in Brazil, one of the world’s key growth markets,” Karl Gernandt chairman of Kuehne + Nagel International AG, said.

“Grupo Eichenberg complements the service offering and customer base of our strongly performing national company. Together, we are able to increase our value proposition by providing global integrated door-to-door solutions in Brazil.”

Gerson Eichenberg, chairman of Grupo Eichenberg, echoed those sentiments.

“In a dynamically growing market, companies from industry and trade are looking for global logistics solutions, allowing them to create value and increase competitive advantage,” Eichenberg said. “Jointly, we can optimally meet these requirements, and thus further strengthen Kuehne + Nagel’s market position.”

SEE OTHER TOP STORIES IN THE SUPPLY CHAIN DIGITAL CONTENT NETWORK

Latin America outsourcing survey

Overcoming outsourcing language barriers

How Latin America became an outsourcing hub

Check out July’s issue of Supply Chain Digital!

First-half turnover fell slightly in 2011 for Kuehne + Nagel, but earnings still managed to rise. Gernandt still sees significant challenges the company must meet in the logistics world.

“Market analysts anticipate slower growth in the logistics industry. Nevertheless, the Kuehne + Nagel Group is well positioned to tackle future challenges,” Gernandt said. “The acquisition in Brazil is a significant step.”

Kuehne + Nagel first started its South American outreach in 1962 by opening a forwarding office in Brazil. Before the agreement with Grupo Eichenberg, the company had 25 locations and employed 1,000 people.

Share

Featured Articles

The Global P&SC Awards: One Month Until Submissions Close

Just one more month until submissions close for The Global Procurement & Supply Chain Awards in 2024

Top 100 Women 2024: Susan Johnson, AT&T – No. 6

Supply Chain Digital’s Top 100 Women in Supply Chain honours AT&T’s Susan Johnson at Number 6 for 2024

WATCH: Ivalua and PwC Navigate the Future of Procurement

In this on-demand webinar, leaders from PwC and Ivalua examine key findings from the consulting giant’s Global Digital Procurement Survey 2024

Top 100 Women 2024: Karen Jordan, PepsiCo – No. 5

Digital Supply Chain

P&SC LIVE New York: Patricia Mendoza Rodriguez – VP

Procurement

One More Month to Go: Procurement & Supply Chain LIVE Dubai

Digital Supply Chain