KUEHNE & NAGEL ACQUIRES SOLE CONTROL OF BRAZILIAN VENTURE
Kuehne & Nagel has purchased the remaining 50 percent of the shares of KN Deicmar SA, a joint venture company based in Sao Paulo, from Deicmar SA.
The wholly-owned Kuehne & Nagel subsidiary in Brazil will now operate under the name Kuehne & Nagel Ltda.
Kuehne & Nagel had entered into a joint venture with Deicmar SA in 1990.
“Being fully linked into Kuehne & Nagel’s global logistics network allows us to optimize processes and to realize synergies,” said Klaus Stanschus, managing director of Kuehne & Nagel Brazil.