Business, Forwarding, Freight News, Logistics

Kuehne + Nagel makes Austrian acquisition

[ July 26, 2019   //   ]

Kuehne + Nagel Austria has acquired Jöbstl, a medium-sized logistics enterprise headquartered in Wundschuh near Graz, for an undisclosed amount. It will use the purchase to expand its overland network and strengthen the region as the gateway to Eastern Europe, particularly for groupage services. The acquisition is subject to approval by the responsible antitrust authorities.