Kuehne+Nagel has entered into an agreement to acquire TDN (Transporte y Distribución Nacional), a Spanish road logistics services provider headquartered in Madrid.

This strategic move significantly strengthens Kuehne+Nagel's European groupage network. 

In the announcement, Kuehne+Nagel said TDN has over 600 employees, and handled more than one million shipments in 2024, and has 45 terminals and a fleet of over 700 vehicles within their partner network.

TDN also serves more than 200 daily routes linking the entirety of Spain as well as the Balearics, the Canaries and Portugal. 

"TDN is a local champion with a comprehensive road groupage network in Spain. Combined with our existing network, we will be better equipped to serve our European customers with competitive lead times and an increased frequency of departures to and from the Iberian Peninsula," Hansjörg Rodi, executive vice president, road logistics, Kuehne+Nagel, said.

"This aligns with our strategic growth initiatives and adds value to our existing business."

Susana Fernández Paradela, president of TDN, said TDN and Kuehne+Nagel's road freight networks are "highly complementary."

"With this great cultural and operational fit, we look forward to serving our customer base with more comprehensive logistics solutions and create new opportunities for career growth for our colleagues," she said.

Completion of the transaction is expected within the coming weeks.

Kuehne+Nagel noted that the transaction is subject to customary closing conditions, including the approval of the competent merger control authorities. 

Upon completion, it will be immediately earnings accretive and fully complementary to Kuehne+Nagel's existing Road Logistics business.

TDN will also be fully integrated with Kuehne+Nagel to combine both company's strengths, streamline operations, and deliver enhanced value to customers. 

Kuehne+Nagel and TDN did not reveal the financial terms of the transaction.