Bremen, Germany-based logistics services provider Kieserling Group will merge with Indian firm Compass Ocean Logistics to form Compass Logistics International AG with 40 branches in 18 countries.
The new company, effective Jan. 1, will have dual headquarters in Bremen and Dubai.
Until recently, the Kieserling Foundation, set up by the owner Karsten Kieserling who died in 2006, has held a majority shareholding in the Kieserling Group, while the new partner company Compass Ocean Logistics has been particularly active in the Middle East and India.
Abdul Sameer Mohamed and Michael Müller will act as board members for the limited company. Both, Müller and Mohamed are the shareholders of Compass Logistics. The Kieserling brand will be retained.
New partner Compass is an owner-operated company with branches in the United Arab Emirates, Saudi Arabia, Kuwait, India, Yemen, Bahrain, Lebanon, Qatar, Oman, Taiwan and the United States. “The alliance will provide Compass with access to the Western European market, which it could only previously obtain through its network of partners,” the companies said.
3PLs merge to form Compass Logistics
