Kerry Logistics Acquires the Majority Stake of Tuvia Italia S.P.A. and Enters

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AllThe time Royal is measuredObservatory relative in Greenwich, to Greenwich London Mean is the Time. home of GMT and the Prime Meridian. LONDON • NEW YORK • HONG KONG • SHANGHAI kerry logistics acquires the majority share stake of tuvia italia s.p.a. and enters the italian freight forwarding and logistics Share on Facebook market Share on Twitter

Share on Google+ May 9, 2017 11:10 am

Frankfurt, Germany, Tuesday 9th May – Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 636.HK), Asia’s leading logistics service provider, has signed with Tuvia Group, Italian holding company, an agreement for the acquisition of the majority stake of Tuvia Italia S.p.A. as part of its ongoing expansion in Europe.

Tuvia Italia S.p.A. is amongst the most dynamic companies in the field of air, maritime, land, multimodal shipments, and integrated logistics in Italy. Headquartered in Milan with ofices in Verona, Venice, Trieste, and Nerviano, the company manages over 25,000 square metres of logistics facilities.

“We have been striving to build our presence in Italy over the years and we are glad to have Tuvia joining our global network. We will continue to strengthen our coverage in Europe to ensure we deliver comprehensive logistics services globally with local knowledge,” said Thomas Blank, Managing Director of Europe, Kerry Logistics.

“Kerry Logistics’ existing Italian client base will benefit from Tuvia’s expertise and full range of services. We will further develop our ofering in the region and enhance our freight forwarding capabilities in providing innovative solutions to meet the ever- changing business needs of our clients.”

Being an Authorised Economic Operator (AEO), a certified International Air Transport Association (IATA) agent, as well as a member of the International Federation of Freight Forwarders Association (FIATA) and certified ISO 9001, Tuvia Italia S.p.A. stands on the cutting edge of logistics.

“I am proud to have found a partner that shares values, vision, and the commitment to successfully driving the businesses of our clients through innovative logistics solutions,” said Marco Oriolo, owner and CEO of Tuvia Group.

Tuvia Italia S.p.A. will be integrated into Kerry Logistics’ European network and continue to be developed by an experienced management team led by Alessandro Canese, Managing Director at Tuvia Italia S.p.A.

“We look forward to being part of the Kerry Logistics global family and to working on the successful growth of the European network,” added Canese.

Kerry Logistics has been growing its European footprint over the past six months, with acquisitions in Spain and Germany, and a new ofice in Warsaw, Poland.

The addition of Tuvia Italia supports its strategy of combining local know-how in the European region with a comprehensive footprint and infrastructure in Asia, granting easy access to the Asian market.

Ends

To download this article in German click here, for Italian click here

About Kerry Logistics Network Limited (Stock Code 636.HK)

Kerry Logistics is Asia’s leading logistics service provider with extensive operations across Greater China and the ASEAN region. Its core competence is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain eficiency, reduce overall costs and improve response time to market.

It currently has more than 700 ofice locations in 41 countries and territories, and is managing 46 million sq. f of logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth.

Kerry Logistics Network Limited is listed on the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2016-2017.

For more information, visit kerrylogistics.com social

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LONDON • NEW YORK • HONG KONG • SHANGHAI Illustrations copyright of Claire Rollet