Kuehne + Nagel to Buy Spanish Road-Logistics Provider
Kuehne + Nagel agreed to acquire Spanish road-logistics provider Transporte y Distribucion Nacional.
The purchase of the Madrid-based company, expected to be completed within the coming weeks, will be immediately earnings accretive, the Swiss-based logistics group said.
TDN has more than 600 employees and it has 45 terminals and a fleet of 700 vehicles within their partner network. The company is complementary to Kuehne + Nagel's existing road-logistics business, it said.
Kuehne + Nagel didn't disclose financial details.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
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