KUEHNE+NAGEL, the world's biggest seafreight forwarder, has entered into an agreement to acquire Morgan Cargo, a prominent forwarder operating in South Africa, the UK and Kenya,Morgan Cargo specialized in the transport and management of perishables, reports Middle East and Africa Air Logistics.
In the year 2022 alone, Morgan Cargo handled over 40,000 tonnes of air freight and more than 20,000 TEU of sea freight globally.
Their operations were supported by a team of 450. Morgan Cargo is said to 'perfectly complements Kuehne+Nagel's existing portfolio of perishables logistics services'.
It significantly enhances connectivity options for customers involved in trade to and from South Africa, the UK and Kenya.
Moreover, the acquisition grants access to cutting-edge cold chain facilities, further bolstering Kuehne+Nagel's ability to provide top-notch services for temperature-sensitive cargo.
'With Morgan Cargo, we acquire a reliable logistics service provider for the benefit of our customers. Expansion in high-growth markets such as Africa clearly ties into our Roadmap 2026 and reinforces our commitment to the Middle East and Africa Region. We have been active in Africa for many years, but this acquisition is an ideal addition to our regional presence,' said Kuehne+Nagel member Yngve Ruud.
Said Morgan Cargo CEO Schalk Bruwer: 'This new development will provide greater opportunities for our customers in terms of global reach and allow our team to advance their careers beyond the realm that was previously possible.'
SeaNews Turkey
In the year 2022 alone, Morgan Cargo handled over 40,000 tonnes of air freight and more than 20,000 TEU of sea freight globally.
Their operations were supported by a team of 450. Morgan Cargo is said to 'perfectly complements Kuehne+Nagel's existing portfolio of perishables logistics services'.
It significantly enhances connectivity options for customers involved in trade to and from South Africa, the UK and Kenya.
Moreover, the acquisition grants access to cutting-edge cold chain facilities, further bolstering Kuehne+Nagel's ability to provide top-notch services for temperature-sensitive cargo.
'With Morgan Cargo, we acquire a reliable logistics service provider for the benefit of our customers. Expansion in high-growth markets such as Africa clearly ties into our Roadmap 2026 and reinforces our commitment to the Middle East and Africa Region. We have been active in Africa for many years, but this acquisition is an ideal addition to our regional presence,' said Kuehne+Nagel member Yngve Ruud.
Said Morgan Cargo CEO Schalk Bruwer: 'This new development will provide greater opportunities for our customers in terms of global reach and allow our team to advance their careers beyond the realm that was previously possible.'
SeaNews Turkey
