After a successful period of cooperation with its joint venture partner Deicmar SA, Kuehne & Nagel has purchased the remaining 50 per cent of the shares of KN Deicmar SA, Sao Paulo. The now wholly owned Kuehne & Nagel subsidiary in Brazil operates under the name Kuehne & Nagel Ltda. In the year 1990 Kuehne & Nagel entered into a joint venture with Deicmar SA, a Brazilian customs broker and bonded warehouse operator. By purchasing the remaining 50 per cent of the shares, Kuehne & Nagel is able to realize its intention to further expand the business in Brazil and to fully integrate its activities into the Kuehne & Nagel Group.

"In joining forces it has been possible to achieve the number one position in the Brazilian freight forwarding market," says Klaus Stanschus, Managing Director of Kuehne & Nagel Brazil. "To further improve and broaden our service offering, we will focus on contract logistics activities besides expanding our international freight forwarding business. Being fully linked into Kuehne & Nagel's global logistics network, allows us to optimize processes and to realize synergies. Thus providing the most efficient logistics solutions to our customers locally as well as to those in the South American market."

About Kuehne & Nagel

With more than17.000 employees at 600 locations in 90 countries, the Kuehne & Nagel Group is one of the world 's leading logistics companies. Its strong market position lies in the ocean-, airfreight and contract logistics businesses, with a clear focus on providing IT-based Supply Chain Management Services.

With approximately 350 employees, Kuehne & Nagel in Brazil operates 13 locations.