Monday, March 9, 2020

Kuehne Nagel divests from major chunk of its UK contract logistics portfolio

Kuehne + Nagel divests from major chunk of its  UK contract logistics portfolio

Kuehne + Nagel to sell a major part of its UK contract logistics portfolio to XPO Logistics under a definitive agreement. The scope of the transaction includes the drinks logistics, food services and retail & technology businesses. These operations generated a turnover of approximately CHF 750 million (approximately 809 million USD) in 2019 and are supported by 7,500 employees.

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