SCHINDELLEGI, Switzerland: March 16, 2017. Kuehne + Nagel is to acquire two specialist logistics companies in Turkey and Italy to expand its good practice-compliant (GxP) services for pharmaceutical and healthcare customers. The purchase price has not been disclosed.
Entering the Turkish pharma logistics market for the first time, K+N is to purchase market leader Zet Farma, with 400 employees and 56,000 square meters of "pharma grade" warehouses in metro Istanbul.
In Italy, the company has acquired Ferlito Pharma Logistics that operates GxP-compliant warehousing, forwarding and local distribution services covering the main pharma markets of Rome and Milan.
Gianfranco Sgro, K+N head of Contract Logistics explained: "The pharma logistics market is expected to significantly grow due to global demographic changes and increased consumer spending. It is one of the markets Kuehne + Nagel differentiates itself by operational excellence, global footprint and dedicated logistics infrastructure."
In a related move K+N has expanded its specialty trailer network in Belgium and Luxembourg with the purchase of an additional 50 constant temperature-controlled pharma trailers to add to its existing fleet.
"We are committed to investing in best-in-class equipment to ensure our customers' products arrive at their destination safe and completely intact through shipping fully compliant according to temperature guidelines", said Kevin Nash, K+N managing director for Belgium & Luxembourg.