XPO Logistics Closes Kuehne + Nagel Deal
January 5, 2021
XPO Logistics has completed its previously announced acquisition of the majority
of Kuehne + Nagel’s contract logistics operations in the UK and Ireland.
Malcolm
Wilson, XPO Logistics chief executive officer for Europe, said, “We’re pleased
to complete the Kuehne + Nagel acquisition and welcome these prestigious new
customers and talented colleagues to XPO. We look forward to the new
opportunities that have been created by the combined resources of our larger
organization.”
The transaction expands XPO’s contract logistics network in the UK and Ireland
to 248 locations and approximately 26,000 employees. The acquired operations
provide a range of logistics services, including inbound and outbound
distribution, reverse logistics management and inventory management, primarily
in the beverage, technology and e-commerce, and food service verticals. |