3PLs merge to form Compass Logistics

Europe

Monday, November 26, 2012

Bremen, Germany-based logistics services provider Kieserling Group will merge with Indian firm Compass Ocean Logistics to form Compass Logistics International AG with 40 branches in 18 countries. The new company, effective Jan. 1, will have dual headquarters in Bremen and Dubai. Until recently, the Kieserling Foundation, set up by the owner Karsten Kieserling who died in 2006, has held a majority shareholding in the Kieserling Group, while the new partner company ...

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