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30 March 2020 The on-line newspaper devoted to the world of transports 16:02 GMT+2

March 9, 2020

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Kuehne - Nagel sells off most of its contract logistics in the UK at XPO Logistics

In 2019, they generated a turnover of about 750 million Francs

The Swiss logistics group Kuehne-Nagel has binding agreement to divest most of its UK business in the contract segment American xpO Logistics, including activities beverage logistics, product services food, retail and technology, business announced by the European company - which in 2019 generated turnover of around 750 million francs Swiss nationals (708 million euros). It is expected that transaction will be completed by the first half of this year.

The CEO of Kuehne Nagel, Detlef Trefzger, pointed out that this is a sale of non-sales of assets divestment is part of the review strategic activities of the group's contract logistics activities announced a year ago with the aim of improving profitability focus on core tasks.

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