The Swiss logistics group Kuehne+Nagel has signed an agreement to buy the Spanish trucking company TDN (Transporte y Distribución Nacional). The company, which has its headquarters in Madrid, has more than 600 employees, a network of 45 terminals and a fleet of over 700 vehicles that last year handled over a million shipments. TDN's service network covers Spain, including the Balearic and Canary Islands, as well as the Portugal.

The acquisition is subject to authorization of the Spanish antitrust authority Comisión Nacional de los Mercados y la Competencia (CNMC). The completion of the transaction is expected to be completed in the coming In the weeks of the week, TDN will be integrated into the network of Kuehne+Nagel.