Kieserling to merge with Compass Ocean Logistics

On Jan. 1, 2013, the Kieserling Group, the long-standing Bremen-based enterprise, will merge with the owner-operated Indian logistics service provider Compass Ocean Logistics to form Compass Logistics International AG with 40 branches in 18 countries.

It is stated in a Press release that till now, the Kieserling Foundation, set up by the owner Karsten Kieserling who died in 2006, has held a majority shareholding in the Group. The Group’s business activities include ground transportation, contract logistics and project development. To date, the new partner company Compass Ocean Logistics has been particularly active in the Middle East and in India. Its business is focused on freight forwarding (sea & air), ground transportation, project logistics, Customs clearance, warehousing, tank container leasing and tank operations connected to a global agency network.

Mr. Abdul Sameer Mohamed and Mr. Michael Müller will act as board members for the limited company. Mr. Michael Müller will start work with the company on Jan. 1.

Mr. Müller was previously a member of top management at Fiege, a pioneer in contract logistics. Both, Mr. Michael Müller and Mr. Abdul Sameer Mohamed are the shareholders of Compass Logistics International AG.

The Kieserling brand will be retained. The Kieserling Foundation will continue to pursue its objective of promoting science and research, training and education in the area of transport economics and logistics. It finances itself from the proceeds of the sales of shares and rental income. The board of the Foundation sees a continuing solid financial basis for its work.

The plan of the merger with Compass is to provide a joint strategic and entrepreneurial engine for the companies in the Kieserling Group, which up until now have been managed more or less independently of one another. The board of the new limited company will be able to provide this engine. New partner Compass is an owner-operated company with branches in the United Arab Emirates, Saudi Arabia, Kuwait, India, Yemen, Bahrain, Lebanon, Qatar, Oman, Taiwan and USA.

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