Kerry Logistics continues European expansion with German acquisition

Frankfurt, 10 January 2017

Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 636.HK), Asia’s leading logistics service provider, has continued to expand its European operations through acquiring Multi Logistics GmbH, a specialist film and media logistics provider that has been in the market for over 30 years.

The expansion is part of Kerry Logistics’ continual global development plan and will add four offices and bring in additional logistics expertise to its existing resources and network in Germany.

The acquisition will see Kerry Logistics expand to operate seven offices in Germany, including its regional headquarters in Frankfurt as well as Bremen, Hamburg, Munich, and Berlin, each offering its local and multinational customers international freight forwarding (ocean /air/road), warehousing and distribution, and Customs brokerage, as well as innovative and customised supply chain solutions.

Besides its international freight forwarding operations, Multi Logistics’ service portfolio includes door-to-door service, personal support service for film productions, security transport, storage of film copies, and handling of rental equipment, as well as Carnet A.T.A. preparation, and handling.

Through the acquisition, Kerry Logistics will gain access to Multi Logistics’ expertise, core competency, and specialised know-how of the film and media industry.

“We have had offices for integrated logistics and international freight forwarding in the country for many years, offering customers total supply chain solutions from origin to destination,” said Thomas Blank, Managing Director Europe, Kerry Logistics.

“The expansion is in line with our strategy to accelerate the business development of the European market, and we are pleased to be able to provide our clients with enhanced network coverage, additional service offerings across Europe, and a further optimised local customer service in Germany.”

The move comes three weeks after Kerry Logistics’ expansion in Spain with the takeover of the freight forwarding businesses of Bofill & Arnan, S.A., a logistics and freight forwarding company with a focus on the China, Taiwan, and India trade lanes.

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