Kuehne+Nagel acquires leading South African freight forwarder Morgan Cargo
| from Kühne + Nagel Management AG
06.06.2023, Expanding its perishables network and connectivity for customers to and from South Africa, UK and Kenya - Strengthening Kuehne+Nagel’s global position in perishables logistics
The acquisition of Morgan Cargo ideally complements Kuehne+Nagel's perishables logistics service offering, while improving connectivity for customers to and from South Africa, the UK and Kenya, which includes state-of-the-art cold chain facilities.
Yngve Ruud, Member of the Management Board of Kuehne+Nagel, responsible for Air Logistics, commented: “With Morgan Cargo, we acquire a reliable logistics service provider for the benefit of our customers. Expansion in high-growth markets such as Africa clearly ties into our Roadmap 2026 and reinforces our commitment to the Middle East and Africa Region. We have been active in Africa for many years, but this acquisition is an ideal addition to our regional presence.”
Schalk Bruwer, CEO of Morgan Cargo, added: “We wanted to expand our successful family-owned business and took the opportunity to become part of one of the world leaders in logistics. This new development will provide greater opportunities for our customers in terms of global reach and allow our team to advance their careers beyond the realm that was previously possible. Morgan Cargo is extremely excited to become part of Kuehne+Nagel.”
Closing of the transaction is expected during the third quarter of 2023 and is subject to customary closing conditions, including clearance by the competent merger control authorities.
Global Head Corporate Communications
+41 44 786 95 26
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More information and links:
Kühne+Nagel übernimmt führendes südafrikanisches Logistikunternehmen Morgan Cargo (news article in german on swiss-press.com)