All for a turnover of the order of EUR 800 million

The LTL already discussed the purchase of ACR Logistics (ex-Hays) by the family group Kuehne & Nagel (based in Schindellegi, Switzerland) from the perspective of the impact of General. Remember simply (LTL 323, p. 7) that this acquisition for an amount of EUR 490 million (of which 40 of debts) is the most important achieved since 1890, year living August Kuehne and Friedrich Nagel create society in Bremen (Germany) on the market of the commission on maritime transport.

Key figures of the Group at the global level and on the French market

Including ACR Logistics, Kuehne & Nagel (K & N) has 750 locations in more than 100 countries. About 40,000 people animate this network which has including warehouses (more than 6 million m2) on key world markets. K & N leaders claim the title of no. 1 global sea freight, and other significant positions. At the global level, the group class in: top 4 logistics, the top 5 in the top 10 in land transport (road and rail), air cargo Europe. As of 2005, so without ACR, turnover is high at approximately EUR 8.8 billion (official results available by end of March). For 2006, CAB will be 1.3 billion euros and more.

As strictly the France, all K & N cab is now based on more than 70 locations (warehouses or agencies) distributed in major ports and airports of the hexagon and its most important economic poles. All for a turnover of the order of EUR 800 million.

The next step in order for K & N following the inclusion of ACR Logistics

Tuesday, February 28, 2006, Klaus Herms, Director General of the group, was in Paris to inform the terms of the integration of ACR Logistics in General, and the ambitions of the new set on French and European markets in particular.

Different points have been addressed by: Xavier Urbain, Director General for Europe of the Southwest; Tobias Jerschke, President of K & N France for a few weeks, and Patrick Pépin, President of ACR Logistics, who will succeed to Tobias Jerschke.

Common denominator of interventions: "by integrating cab, group K & N realizes the ambition to grow strongly in Contract Logistics." "This pole becomes the primary source of revenue by generating turnover approximately 1/3".

The next goal is to now change dimension in traffic Messaging. This, including through external growth in France, Italy and Spain. With regard to the France, the ideal acquisition would be "an independent company with a true national network, but also settlements and/or alliances in other European countries, including the Germany in mind." "It should be furthermore that the sustainability of the alliances is ensured even after the acquisition by K & N".

Willingness to keep fixed Cape short of advancing to forced March

The search for the right targets is entrusted to a team from the group who largely works internally. For the France, Tobias Jerschke said that the contributions of Jean-Pierre Ennebick, responsible for development, will be valuable. The "dimension in road mail change" operation should be concluded by 2010. The group takes its time. Not question to forced March. He also wants to keep organizing transport with minimal direct commitments in the physical means. As the financial means, they are well controlled with 57 of the capital in the family table round. In addition, "actions of cash" (self-monitoring) representing more than 2 of the capital can be transformed into cash.