Kerry Logistics Acquires Majority Stake in Saga Italia S.p.A.; Strengthening Project Logistics Capabilities

Jun 06, 2018 20:20 JST

Source: Kerry Logistics Network Limited

FRANKFURT, GERMANY / MILAN, ITALY, Jun 06, 2018 - (Media OutReach) - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) has acquired a majority stake in Saga Italia S.p.A. ('Saga Italia') as part of its ongoing global expansion strategy. With the acquisition of the Milan-based logistics company, Kerry Logistics strengthens its overall service portfolio by adding Saga Italia's specialised know-how in the fields of project logistics, heavy lift services, and material management.

The acquisition will also add three new countries to Kerry Logistics' network, namely, the Republic of the Congo, Uganda, and Egypt, as well as new offices in Kazakhstan, Turkmenistan, United Arab Emirates, Russia, and the US.

Founded in 1985, Saga Italia provides end-to-end solutions tailored to its customers' project requirements. More than 150 logistics professionals manage projects for multinational corporations across the globe, particularly for customers in the oil and gas industry. Saga Italia's comprehensive range of services also includes a complete suite of international freight forwarding services covering air, ocean, and overland transportation.

Thomas Blank, Managing Director of Europe, Kerry Logistics, said, "With this step, we continue to build upon our expertise in project logistics which currently spreads across China, The Philippines, Indonesia, The Commonwealth of Independent States, and India. Saga Italia's specialised knowledge further strengthens our activities and will support us to tap into the immense business opportunities as more Belt and Road projects get off the ground. With Saga Italia on our team, we are able to provide a platform to consolidate our project logistics capabilities across the globe."

Marco Oriolo, owner and Managing Director of Saga Italia, added, "By joining Kerry Logistics our services are leveraged by an extensive network in Asia and Europe. We are looking forward to a successful future as part of the Kerry Logistics team, driving the businesses of our customers through innovative logistics solutions."

About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 1,000 service points in 55 countries and territories, and is managing 52 million sq ft (4.8 million sq m) of land and 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 Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.

About Saga Italia S.p.A.
Saga Italia is a leading logistics provider specialised in the field of project logistics and material management. Saga Italia provides its customers with high quality logistics services tailored to their projects' requirements. Freight Forwarding is the core business: over the years, Saga Italia has successfully performed door-to-door multimodal transports throughout the world, but has also gained a strong reputation for transports in landlocked and rough terrains.

Besides freight forwarding, Saga Italia offers a wide range of value added services to operate as a one-stop source for its customers: from warehousing, customs brokerage, and post order expediting to pre-shipment inspections, material management, site surveys, and feasibility studies.

For more information please visit www.sagaitalia.com

For media enquiries please contact:
Prudence Lai / Ivan Kau / Karen Chu
Cornerstones Communications Ltd.
T 852 2903 9291 / 2903 9285 / 2903 9213
M 852 9465 3856 / 9804 2385 / 6171 3530
E kerrylogistics@cornerstonescom.com

Source: Kerry Logistics Network Limited