Spain - 20 February 2012 - Kerry Logistics, a leading global logistics services provider, has completed the acquisition of its former joint-venture, Kerry Salvat Logistics S.A., through a buy-out of the remaining shares from its partner Salvat Logistica, S.A.
Kerry Logistics has been a major player in Spain since 2005, providing a broad range of international freight and logistics services including, sourcing and buying from Asia as well as providing a platform for its Spanish customers to create opportunities to sell their products in Asia.
“In light of the economic downturn in Spain, we are eager to help our customers to reach out to China and other Asian markets. A dedicated Spanish division has been set up by Kerry Logistics in Shanghai to support Spanish brands wanting to expand their sales in China,” said Sebastian Bernardo, General Manager, Kerry Logistics (Spain), S.A.U.
The increase in investment reflects Kerry Logistics’ long-term commitment and confidence in the Spanish market.
About Kerry Logistics
Kerry Logistics is Asia’s premier logistics service provider with a strong focus on China. Based in Hong Kong, Kerry Logistics has offices in 23 countries with over 16,000 employees and a transportation fleet of 8,000 vehicles. Its core business encompasses integrated logistics, international freight forwarding and supply chain solutions. By owning and managing 2.4m sq.m. of logistics facilities, it provides customers with reliability and flexibility to support their future expansion and long-term growth. Kerry Logistics Network Limited is a wholly owned subsidiary of the Hong Kong-listed Kerry Properties Limited.