Kuehne+Nagel (K+N) enters into an agreement to acquire 100 per cent of the shares in Salmosped. The Oslo-based company is a leading Norwegian perishables freight forwarder specialising in transportation of seafood products.
Salmosped generated turnover of CHF 118 million (USD128.85 million) in 2020 and handled approximately 63,000 tonnes of goods.
Norway is one of the largest fishery and aquaculture producers in the world and despite the pandemic, Norway’s fish exports have remained strong, K+N highlights.
K+N has developed a global perishables logistics network with more than 70 stations worldwide. The Swiss logistics giant says that the bolt-on acquisition of Salmosped enhances its global network in seafood as it complements existing operations in Halifax, Vancouver, London, and Santiago de Chile.
Dennis Verkooy, senior vice president Global Perishables & head of Carrier Management Air Logistics at Kuehne+Nagel Management, says: “Perishables logistics is a strong growth driver for Kuehne+Nagel. While we have been present in the seafood business in Norway for years, today’s acquisition strengthens our footprint in air freight exports from this important seafood-producing country. We are looking forward to enlarging our Norwegian team with Salmosped’s specialists.”