Kuehne + Nagel enhances overland network with acquisition of Jöbstl Group

posted on 26th July 2019 by Justin Burns
Kuehne + Nagel enhances overland network with acquisition of Jöbstl Group

Kuehne + Nagel Austria has acquired Jöbstl – a medium-sized logistics enterprise headquartered near Graz.

With the integration of the Jöbstl Group, Kuehne + Nagel is expanding its overland network and simultaneously strengthening the region as the gateway to Eastern Europe.

In future, the forwarder said customers requiring European groupage services can benefit from the transport operations offered by the Jöbstl Group.

“By adding the Jöbstl Group portfolio to ours, we are able to offer more services to the customers in the region, as well as further develop our overland network strategically,” said Uwe Hött, senior vice president overland Europe at Kuehne + Nagel.

“With over 130 overland branch offices throughout Europe, Kuehne + Nagel is already connecting all markets in the region. By integrating the Jöbstl network, transport operations and in particular connections to neighbouring countries will be further strengthened while increasing frequency of depatures and shortening leadtimes. Expecially medium-sized companies will benefit from our expanded portfolio of offerings.”

“We are pleased to join the Kuehne + Nagel Group and become a part of a global logistics network. Together we will be able to offer our customers an even wider range of services.

“At the same time, combinining our networks, we can build synergies and create room for growth that will benefit both our customers and employees,” added Christoph Jöbstl, managing director and shareholder of the Jöbstl Group.

The acquisition is subject to approval by the responsible antitrust authorities. As part of the acquisition, 100 per cent of SLM Spedition und Logistik GmbH, Vienna, shares will be transferred to Kuehne + Nagel. The parties have agreed not to disclose the purchase price of the transaction.