The same year, KN established a Russian subsidiary and pushed ahead into Norway, Sweden, and Denmark. It was listed on the Zurich and Frankfurt exchanges, which provided a platform for further exchange based acquisitions. In 1992, it bought back Lonrho plc’s 50% stake in the company and went public in May 1994. After the reunification, KN integrated its network in the former German Democratic Republic, and consolidated its operations. The 1990 German reunification was an important event for many German companies, including KN and provided them the necessary impetus to expand further. (UK), Transportes Tres (Spain), and other acquisitions in Denmark, Norway, and Sweden. KN further expanded with its acquisition of freight companies : Domenichelli SpA (Italy), Van Vliet BV (Netherlands), Hollis Transport Group Ltd. Following the purchase, Klaus-Michael Kühne and Lonrho’s head, Roland “Tiny” Rowland acted as joint chief executives of the combined organisation. In 1981, Alfred Kühne died and in July the same year, due to the losses sustained by the Kühne family in attempting to expand its shipping fleet, a 50% stake in KN was sold to theBritish conglomerate Lonrho Plc for DM 90 million.
In 1966, at the age of 30, he joined the management team as executive chairman and spearheaded KN’s future expansions, particularly its European and the Far Eastoperations. In the mid-1960s, a third-generation member of the Kühne family, Klaus-Michael Kühne joined his father Alfred Kühne as a junior partner, having completed an apprenticeship inbanking. In 1975, the company adopted a holding company structure, with the formation of Kuehne + Nagel International AG based in Schindellegi, Switzerland as the ultimate holding company. In 1963, KN took a controlling stake in Athens based Proodos S.A, and also expanded into Italy. In the early 1950s, Alfred Kühne initiated the company’s international expansion and KN expanded its operations into Canada, with opening of branch offices in Toronto and Montreal. Upon Kühne’s death in 1932, his sons – Alfred and Werner became joint partners. The First World War greatly affected its businesses. The legacy of Nagel still lives on, in the company’s name – Kuehne + Nagel (KN). In 1907, the co-founder Friedrich Nagel died, and August Kühne took over his shares in the company. Later in 1902, it expanded its operations to the German seaport city of Hamburg. It initially used to concentrate on cotton and consolidated freight.
The origins of Kuehne + Nagel (pronounced “KOO-nuh and NAH-gel”) was in 1890, when August Kühne and Friedrich Nagel founded a forwarding commission agency in Bremen, Germany. “ “Kuehne + Nagel History Early Years and Evolution: 1890 – 1950s The company was founded by August Kuehne and Friedrich Nagel in 1890 and is headquartered in Schindellegi, Switzerland. The Insurance Broker segment includes brokerage of insurance coverage, mainly marine liability. The Real Estate segment includes the management, expansion, and optimization of the company-owned real estate portfolio. The Contract Logistics segment includes inbound, in-house, outbound, and after sales logistics, supply chain consulting, industry solutions, and packaging solutions.
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The Road and Rail Logistics segment includes groupage network, full and part load network, specialized network for the pharmaceutical and chilled products, KN Rail Flex, KN Rail ProLog, KN Rail Intermodal, and KN Rail Projects. The Airfreight segment includes KN Express, KN Expert, KN Extend, KN Extreme Fresh, KN PharmaChain, and special transport services such as charter services and sea-air traffic. The Seafreight segment provides Less-than-Container Load (LCL) services, which consolidate cargo and is involved in customs clearance, trade compliance and river shipping. It operates through the following segments: Seafreight, Airfreight, Road and Rail Logistics, Contract Logistics, Real Estate, and Insurance Brokers. It also offers strategic solutions such as hotel logistics and emergency and relief logistics. Kuhne & Nagel International AG is engaged in the provision of logistic services. 0 Views Kuhne & Nagel International AG history, profile and corporate video
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