K+N expands perishables network with acquisitons in US & Kenya
Switzerland-based K+N said that the two acquisitions would add more than 150,000 tons of annual perishables traffic to its network and “further strengthens its position in providing end-to-end international and domestic fresh chain solutions”.
Yngve Ruud, a member of the of K+N International management board responsible for airfreight logistics, said: “At the same time, we improve our global and national positioning in airfreight. Together with CFI, K+N becomes the number two airfreight forwarder in the US and the acquisition of Trillvane confirms our leading position in Kenya.”
CFI chief executive Kuehlewind said: “We are looking forward to become part of the K+N Group. The planned transaction will offer us new growth perspectives and access to a global logistics network. Both companies’ customers will benefit from an extended service scope.”
K+N said that the acquisition of Trillvane will enable the logistics giant to “strengthen its position in perishables operations between Kenya and Europe, in particular to the UK”.
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