Kuhne & Nagel in Joint Venture With FM Logistic

COLOGIC, the new company formed by a joint venture of Swiss-based forwarder Kuhne & Nagel and the French firm FM Logistic will act as lead logistics provider for Hewlett-Packard Imaging and Printing in a step the two firms hope will open new opportunities for relationships with global companies, particularly in the high-tech segment.

Kuhne & Nagel, with its global forwarding presence gains capabilities in value-added logistics services and French-based FM Logistic should strengthen its position in the French market by gaining global capabilities, according to a report by Transport Intelligence.

Kuhne & Nagel, which had acquired USCO Logistics in the U.S. in 2001, recently announced in February it was rebranding its U.S. operations with the Kuhne & Nagel identity and integrating Kuhne & Nagel operations here. Its other acquisitions have included third-party logistics and transportation companies in Europe and a joint venture with Wincanton in the UK and Kintetsu in Asia.

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