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Kuehne + Nagel has expanded its overland capabilities with the acquisition of Austrian SME Jöbstl.
K+N said the move would benefit customers seeking capacity into Eastern Europe and groupage services.
“By adding Jöbstl’s portfolio, we are able to offer more services to customers in the region, as well as further develop our overland network strategically,” said senior vice president for overland Europe Uwe Hott.
“Transport operations, particularly connections to neighbouring countries will be further strengthened, while increasing frequency of departures and shortening lead-times.”
Mr Hott said he expected SMEs to be a core beneficiary of the improved services. The acquisition has added to K+N’s 130+ overland connections in Europe.
General manager for Austria Franz Braunsberger said Jöbstl was strongly rooted in its home country.
“The family-owned company stands for reliability, flexibility and customer service with a personal touch – values that are also extremely important to Kuehne + Nagel.”
No price was announced alongside news of the acquisition, which remains subject to approval by antitrust authorities.
Managing director Christoph Jöbstl said he was pleased with the deal and the company’s integration into the K+N network.
“Together we will be able to offer our customers an even wider range of services,” he added. “Combining our networks, we can build synergies and create room for growth that will benefit both our customers and employees.”