News / Kerry reports profits up as it swoops on CIS forwarder to boost its footprint in Asia

Honkauees

Kerry Logistics has revealed it is targeting an acquisition operating in the Commonwealth of Independent States (CIS).

The news came as the group announced its full-year 2016 results in Hong Kong today, which highlighted increased revenue and profits.

Kerry said it had definitive agreements to acquire a Dubai-based freight forwarding group active in nine CIS countries and that the deal would be complete by May.

Operating in air, rail and road freight, the unnamed group is expected to open the door for Kerry to markets with ...