Release Date: 21 October 2008
Release ID: 727
The Kuehne + Nagel Group has entered into an agreement to acquire the French groupage provider Alloin. For Kuehne + Nagel this marks one of the most important milestones in becoming a leading European overland transport company. After thorough market research and successful negotiations the integration of Alloin into Kuehne + Nagel’s European groupage network represents a major step within the implementation of the Group’s overland business strategy.
Based close to Lyon in Villefranche-sur-Saône, the Alloin Group ranks among the leading groupage providers in France with an annual turnover of approximately 300 million euros and 3,000 employees. The family-owned company operates 53 cross-docking terminals across the country and handles 20,000 shipments per day.
“In the scope of our pan-European business development, the expansion of our road logistics activities in France is of the highest importance,” says Xavier Urbain, Management Board member of Kuehne + Nagel International AG and responsible for the business unit Road & Rail Logistics. “By acquiring the Alloin Group we obtain a foothold and a strong position in this important economic area. The integration of Alloin’s network into our existing structures will enhance the capability to provide standardised logistics services and processes throughout Europe. The company is an ideal strategic fit for the Kuehne + Nagel Group.”
“We are looking forward to becoming an important member of the worldwide operating Kuehne + Nagel Group,” says Jean-Louis Alloin, President of the Alloin Group, who will keep his responsibility also in the future. “I am convinced that our customers will be pleased with this development and take advantage of the expanded range of services.”
The transaction is subject to the approval of EU authorities.
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