Kerry Logistics acquires Italian stake as part of its ongoing European expansion

Published: Wednesday, June 21, 2017

Kerry Logistics Network Limited 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 offices 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 offering 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.

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.

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