KUEHNE & NAGEL BUYS MAJORITY STAKE IN NAKUFREIGHT (MAURITIUS)
Kuehne & Nagel International AG, a logistics provider and forwarding company based in Schindellegi, Switzerland, has acquired 51 percent of the shares of Nakufreight (Mauritius) Ltd., a freight forwarder that has been Kuehne & Nagel’s agent in Mauritius since 1989.
“We have ambitious objectives, among them increasing our share in export traffic,” said Karl-Heinz Balzer, Kuehne & Nagel’s regional director for sub-Saharan Africa.
Nakufreight, established by Currimjee, Jeewanjee & Co Ltd., is based in Port Louis, Mauritius, and has a staff of 25.