Kuehne + Nagel expands overland activities in the Baltics
E.M. Trans AS with headquarters in Tallinnis specialised in road transport and in 2004 achieved a turnover of EUR 10 million. With approximately 40 employees, the company operates subsidiaries in Vilnius/Lithuania, Riga/Latvia and Helsinki/Finland.
“This takeover marks a further step in our strategy to establish a Europe-wide overland network,” said Ewald Kaiser, member of the Management Board of Kuehne + Nagel International AG and responsible for Rail & Road Logistics. “Integrating E.M. Trans into the Group’s structure will enable us to optimise processes and take advantage of additional cross-selling potential. Furthermore, it will allow us to offer our customers full access to the Kuehne + Nagel overland network across the Baltic States.”
Within the scope of the agreement, all E.M. Trans operations and employees will be integrated into the respective Kuehne + Nagel national companies.
Both parties agreed not to disclose the purchase price.