Kuehne + Nagel is acquiring 75 percent of New Zealand-based Cooltainer, an operator of refrigerated container services in the South Pacific.
Cooltainer, headquartered in Christchurch, operates a dedicated branch network throughout Australia and New Zealand. It provides door-to-door service for temperature sensitive cargo, including fruits, meat, frozen vegetables and meals, in the South Pacific region. It covers niche markets such as the Trans-Tasman and Pacific Islands trades.
Peter Ulber, executive vice president of Sea & Air Logistics at Kuehne + Nagel International said the acquisition will strengthen the company's market position by complementing its operations in Australia and New Zealand.
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