Kerry Logistics acquires majority stake in Tuvia Italia

Kerry Logistics Network has signed an agreement for the acquisition of the majority stake of Tuvia Italia S.p.A. as part of its ongoing expansion in Europe.

Tuvia Italia S.p.A. handles air, maritime, land, multimodal shipments and provides integrated logistics in Italy. Headquartered in Milan with offices in Verona, Venice, Trieste, and Nerviano, the company manages over 25,000 sq m of logistics facilities.

Thomas Blank, Managing Director of Europe, Kerry Logistics, commented: “We have been striving to build our presence in Italy over the years and we are glad to have Tuvia joining our global network. We will continue to strengthen our coverage in Europe to ensure we deliver comprehensive logistics services globally with local knowledge”.

Blank added: “Kerry Logistics’ existing Italian client base will benefit from Tuvia’s expertise and full range of services. We will further develop our offering in the region and enhance our freight forwarding capabilities in providing innovative solutions to meet the ever-changing business needs of our clients.”

Tuvia Italia S.p.A is an Authorised Economic Operator (AEO), a certified International Air Transport Association (IATA) agent, as well as a member of the International Federation of Freight Forwarders Association (FIATA).

Tuvia Italia S.p.A. will be integrated into Kerry Logistics’ European network and continue to be developed by the management team led by Alessandro Canese, Managing Director at Tuvia Italia S.p.A.

Kerry Logistics has been growing its European footprint over the past six months, with acquisitions in Spain and Germany, and a new office in Warsaw, Poland.

The addition of Tuvia Italia supports its strategy of combining local know-how in the European region with a comprehensive footprint and infrastructure in Asia, granting easy access to the Asian market.

Source: Kerry Logistics