SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)
PARIS, Jul 11 (FAN) – Ready to enlarge its European operations and fresh from its take over of Italian forwarder Tuvia Italia, Hong Kong’s Kerry Logistics now has its eye on France. “France is the only big economy in Europe that is still missing,” Kerry managing director Thomas Blank told New York’s Air Cargo World.
“We are working on several other acquisitions. Tuvia Italia was number three in the last five months in Europe. We’ve got a couple more up our sleeve. In Germany, we still aren’t at the size we need to be to be a major player, so we need to look at an acquisition there,” he said.
“We are selling into the infrastructure of Asia, looking for customers that need warehousing and value-added services, distribution services or e-commerce cross border services in China and southeast Asia,” Blank said.