K+N acquires German company

Kuehne + Nagel has entered into an agreement to acquire Carl Drude GmbH & Co KG, based in Hauneck/Bad Hersfeld, the geographical centre of Germany.
This is in line with the company’s strategy to further expand its European overland network and to establish a European hub and spoke system.
From mid 2012, the company will operate daily lines to 50 European economic centres via this central platform.
Drude Logistik specialises in hub operations for international groupage networks. Its logistics centre in Hauneck/Bad Hersfeld comprises a 7 200 square metre transhipment terminal with 105 loading bays and 11 500 square metres of warehouse space.
Currently, Kuehne + Nagel’s European groupage network has established services between 38 countries across the continent, routed via its central hub in Haiger, Germany. “Due to capacity constraints, this location does not allow any further expansion of international groupage activities,” a spokesman said.