Kuehne & Nagle acquires automotive logistics firm in Europe
International freight forwarder and logistics provider Kuehne & Nagel said it has acquired the overseas logistics division of the French CAT Group (Compagnie d’Affretement et de Transport), which specializes in the distribution of vehicles, manufactured goods and spare parts.
CAT is owned by a consortium of automotive logistics providers including TNT Express and Wallenius Lines, and counts former owner Renault Group among its top customers.
It unloaded its international forwarding business to focus on its core automotive and parts logistics business, Kuehne & Nagel said.
Schindellegi, Switzerland-based Kuehne & Nagel said the acquisition will help it expand its forwarding and project activities in France, as well as Belgium and Mexico.