Kuehne & Nagel acquires CAT Overseas Logistics
Kuehne & Nagel, the big Swiss logistics company, said it has completed its purchase of CAT Group's Overseas Logistics Division.
K&N said it received approval from the French antitrust authorities for its acquisition, which was originally announced Jan. 21.
CAT Group's forwarding unit comprises air and sea freight, customs clearance and project business.
K&N is integrating CAT's operations, business and contracts as well as 80 staff.
Jacques Petit, former managing director of CAT Overseas Logistics, has been named automotive development director for Kuehne & Nagel in France. He will be responsible for further development of K&N's logistics services for the automotive industry there and will also act as key account manager for the Renault-Nissan account worldwide.