Kerry Logistics acquires majority stake in Saga Italia
Kerry Logistics has acquired a majority stake in the Milan-based logistics company Saga Italia.
The acquisition will add three new countries to Kerry Logistics’ network – 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 offers a 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.”