Kuehne + Nagel Strengthens Capabilities in Oil and Gas Logistics

Kuehne + Nagel has entered into an agreement to take over J Martens Holding, a service provider in the oil and gas industry.

Besides providing transportation and logistics services in Norway, the latter has set up operations in other key markets such as Singapore, Great Britain and the Netherlands.

“The acquisition of J Martens significantly strengthens our capabilities and position not only in Norway but also in the international oil and gas logistics market,” comments Peter Ulber, executive vice president, Sea & Air Logistics of Kuehne + Nagel International. ”It ideally fits our strategy to globally expand those services for our customers, which require a high level of industry-specific know how and experience.”

The transaction is subject to the approval of relevant authorities.

Kuehne + Nagel, www.kn-portal.com