"This acquisition marks a quantum leap for our organisation", said Klaus-Michael Kuehne, Executive Chairman of the Board of Directors of Kuehne + Nagel International AG.

"ACR Logistics represents an excellent strategic fit for Kuehne + Nagel and strengthens our contract logistics capabilities, know-how and management competence significantly."

ACR Logistics will from now on operate under the Kuehne + Nagel brand and will be fully integrated into the organisational structure of the Group.

As a result of the enlarged customer base, Kuehne + Nagel expects increased cross-selling opportunities particularly in Eastern Europe and Asia as well as a further enhancement of profitability.