Kuehne + Nagel acquires Ziegler & Co.
Kuehne + Nagel has acquired Danish forwarder Ziegler & Co. for an undisclosed amount. The takeover is retroactively effective Oct. 1.
Copenhagen-based Ziegler & Co. provide wine and spirits logistics services, mainly by sea, from the key markets in Australia, South Africa, South America, the United States and Europe. The company posted revenue of DKK 58 million ($9 million) in 2004.
“It is our objective to play a leading role in the niche market of wine and spirits logistics, a business that requires a high degree of expert know-how,” said Reinhard Lange, Kuehne + Nagel’s chief operating officer, sea and air logistics.