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Kuehne + Nagel sells major part of its UK contract logistics operations to XPO Logistics

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Logistics Update Africa
Kuehne + Nagel sells major part of its UK contract logistics operations to XPO Logistics

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

 

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