Kuehne + Nagel acquired Austria-based Jöbstl Group.

Kuehne + Nagel, a global transport and logistics company, acquired Austria-based Jöbstl Group, a medium-sized logistics enterprise headquartered in Wundschuh near Graz. Financial terms were not disclosed. “With the Jöbstl Group, we are gaining a company strongly rooted in their home state of Styria. Looking back at a long history ourselves, we have great appreciation for Jöbstl´s tradition as well. The family-owned company stands for reliability, flexibility and customer service with a personal touch – values that are also extremely important to Kuehne + Nagel”, says Franz Braunsberger, General Manager at Kuehne + Nagel Austria.