Kuehne and Nagel Group Expansion in Brazil

Kuehne + Nagel announced
today that it has entered into an agreement to take over the
shares of Grupo Eichenberg, Porto Alegre, Brazil. This strategic
acquisition will enable Kuehne + Nagel to provide integrated
door-to-door logistics solutions and to speed up expansion in Brazil.
Grupo Eichenberg, a family owned business, can look back on 75
years of history. Today, headquartered in Porto Alegre, the company
is managed by the family’s third generation and employs approximately
700 staff. At 14 locations, the Group provides integrated logistics
solutions.
In the road logistics sector, Grupo Eichenberg is one of the leading
providers, both in the domestic market and in Mercosur trades; the
company operates daily services to and from Argentina, Chile and
Uruguay. Besides this core competence, Grupo Eichenberg is also
very successful in domestic airfreight forwarding, another important
segment of the Brazilian logistics market.

Karl Gernandt, Chairman of the Kuehne + Nagel International AG said:
"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. 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."

"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," said Gerson Eichenberg, Chairman
of Grupo Eichenberg. "Jointly, we can optimally meet these requirements,
and thus further strengthen Kuehne + Nagel’s market position," the two
gentlemen announced.