Kuehne+Nagel has finalized an agreement to purchase City Zone Express, a subsidiary of Chasen Holdings, a company listed on the Singapore Exchange Mainboard.
City Zone Express, established in 2006 and headquartered in Malaysia, boasts a workforce of over 500 employees and operates across Malaysia, Singapore, Vietnam, Thailand, and China.
“Asia’s economies are an attractive area for us to develop our road logistics services in line with our Roadmap 2026. With City Zone Express, we acquire a...