Investing.com -- Swiss logistics group, Kuehne + Nagel, has announced plans to acquire Madrid-based road-logistics provider, Transporte y Distribucion Nacional (TDN).

The acquisition, which is expected to be completed in the coming weeks, will immediately boost Kuehne + Nagel’s earnings, according to the company.

TDN operates a significant network, boasting more than 600 employees, 45 terminals, and a fleet of 700 vehicles. Kuehne + Nagel has stated that TDN’s operations are a fitting addition to its existing road-logistics business.

The Swiss logistics group has not provided further details of the acquisition. However, the completion of the deal will mark a significant expansion of Kuehne + Nagel’s footprint in the Spanish logistics market.

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