Contract logistics
Kuehne + Nagel sells the majority of its UK contract logistics business
Kuehne + Nagel and XPO Logistics have signed a binding agreement on the sale of a major part of Kuehne + Nagel's UK contract logistics business. The sale comprises the business units Drinks Logistics, Food Services and Retail & Technology.
Kuehne + Nagel intends to shift its strategic focus in contract logistics in the UK to the aerospace, government and pharma business segments. Dr. Detlef Trefzger, CEO of Kuehne + Nagel International, said: "The strategic review of the contract logistics business announced over a year ago was aimed at improving profitability and increasing the focus on our scalable solutions. The sale announced today is an important milestone in the implementation of this plan. In XPO Logistics, we have found a suitable buyer for the business, also from the perspective of our customers and employees."
Completion of the transaction is subject to customary conditions, including clearance by merger control authorities, and is expected in the second half of the year.
You might also be interested in
Procurement and production logistics
Mader expands contract logistics
Logistics specialist Johann Mader is further expanding its contract logistics business area for customers in the automotive sector.
read more...Hellmann Worldwide Logistics expands in Austria
Hellmann Worldwide Logistics opened its first Austrian Direct Load branch in Kufstein in February.
read more...Internationalization as an opportunity
E-commerce is in a state of flux. Changes in purchasing behavior and procurement problems are keeping e-commerce retailers busy. Logistics plays a decisive role in the overall online shopping experience.
read more...Logistics location Philippsburg
Midea relies on logistics from pfenning logistics
The pfenning logistics group, a contract logistics provider, will in future take on logistics and logistics-related tasks for the global technology group Midea.
read more...Nosta and Felix Schoeller Group expand their logistics concept
As part of the growth strategy for the Warehousing business unit, Nosta Logistics GmbH will be opening a further location in Melle from July 1.
read more...pfenning logistics hires Michael Küppers
Michael Küppers has been working for pfenning logistics group as a general representative since April. The managing partner of the consultancy Advisors for Advanced Logistics has many years of management expertise in the logistics sector.
read more...Schuon puts new logistics center in Wildberg into operation
The Alfred Schuon Group has opened its new logistics center in Wildberg/Sulz am Eck. In addition to office space, the transport and contract logistics company has 9,000 square meters of logistics space at its disposal.
read more...Rhenus takes over Simon Hegele's high-tech activities
Rhenus High Tech acquired all the shares in Simon Hegele Hightech Transport & Service GmbH, a subsidiary of the Simon Hegele Group, on February 20.
read more...Zufall logistics wants to grow in contract logistics
Zufall logistics group has set the course for the further development of a business division in terms of personnel. Holger Idzikowski takes over the newly created position of Product Manager Contract Logistics.
read more...