News / Kuehne + Nagel hooks specialist seafood air freight forwarder Salmosped

Photo: Kuehne + Nagel

Kuehne + Nagel (KN) is set to further expand into the seafood logistics market, agreeing to buy specialist Norwegian air freight forwarder Salmosped.

The purchase price for the 100% share offer was not disclosed, but KN did reveal that Salmosped “generated turnover of Sfr118m ($128.9m) in 2020 and handled approximately 63,000 tonnes of goods”.

According to Salmosped, its revenues are generated by 19 employees, leading Loadstar Premium editor Alessandro Pasetti to note: “That, if true, implies a whopping Sfr6.2m revenue per head ...