News

KERRY LOGISTICS ACQUIRES THE MAJORITY STAKE OF TUVIA ITALIA S.P.A. AND ENTERS THE ITALIAN FREIGHT FORWARDING AND LOGISTICS MARKET

Frankfurt, 9th May 2017 – Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 636.HK), Asia’s leading logistics service provider, has signed with Tuvia Group, Italian holding company, an agreement for the acquisition of the majority stake of Tuvia Italia S.p.A. as part of its ongoing expansion in Europe. Tuvia Italia S.p.A. is among the most dynamic companies in the field of air, maritime, land, multimodal shipments and integrated logistics in Italy. Headquartered in Milan with offices in Verona, Venice, Trieste, and Nerviano, the company manages over 25,000 square metres of logistics facilities. “We are strengthening our presence in Europe to ensure we deliver comprehensive logistics services globally, with local knowledge,” said Thomas Blank, Managing Director of Europe, Kerry Logistics. “Kerry Logistics has a large Italian client portfolio, which will benefit from Tuvia’s expertise and full range of services. We will further develop our offering in the region and enhance our freight forwarding capabilities in providing innovative solutions to meet the ever-changing business needs of our clients.”

Read more »