German global logistics company Kuehne + Nagel (K+N) has inked a deal to take over Australia's leading perishables freight forwarder, Link Logistics International, reports www.analytiqa.com.
The move is in line with K+N's strategy to globally expand its perishable logistics business, the article said.
Link Logistics, which is headquartered in Melbourne and has facilities in Sydney and Tasmania, specialises in coldchain management, and offers perishable goods services to hospitality and consumer markets mainly in Asia and the Middle East.
The acquisition will help accelerate K+N's growth in the perishable business segment, and will strengthen the company's position in the wider Australian air freight market, the report said.
