Kuehne + Nagel enters into a definitive agreement to sell a major part of its United Kingdom contract logistics portfolio to XPO Logistics. 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 (US$ 810.5 million) in 2019 and are supported by 7,500 employees, according to Kuehne + Nagel.
Both parties have agreed not to disclose financial details. The transaction is...
https://container-news.com/kuehne-nagel-xpo-logistics-uk-contract-logistics-portfolio/