Kuehne + Nagel to strenghten operations in Slovenia

Kuehne + Nagel will takeover the books ofbusiness of Censped d.o.o. The acquisition enables Kuehne + Nagel to expand its seafreight activities in the Balkans.

Censped, with headquarters at the Slovenian Port of Koper, is a specialist in
seafreight forwarding. The company achieved a turnover of EUR 9 million in
2006. Friedrich Macher, Regional Director of Kuehne + Nagel South East Europe,
said: “This takeover marks a further step in our strategy to expand our
operations in the Balkan States.

Ideally located, the port of Koper links
economic centres in Central and Eastern Europe with the Mediterranean
countries and the Far East via the shortest transport route. By joining forces
with Censped, we are able to participate even stronger in the dynamic
growth of the port and bring value to our customers through fast and cost
efficient seafreight solutions.”

Within the scope of the agreement all Censped operations and employees
will be integrated into the Kuehne + Nagel company in Slovenia. Gracijan
Necmeskal, former Managing Director of Censped, will take over
responsibility for Kuehne + Nagel’s national seafreight division.
Both parties agreed not to disclose the purchase price.

Corinna Lam / Hkg RV-M
Marketing Communications Manager - Asia Pacific

Kuehne & Nagel (Asia Pacific) Management Ltd.
Tel : +(852) 2823-7632
Fax : +(852) 2527-8392
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