Kuehne + Nagel to sell lion’s share of contract logistics division to XPO


 

Kuehne + Nagel Group is to sell a major part of its UK contract logistics portfolio to XPO Logistics. The transaction, which follows a major review of its contract logistics business, includes the drinks logistics, food services and retail and technology divisions. These parts of the overall operation generated a turnover of approximately £617m in 2019 and employ 7,500 staff. Detlef Trefzger, chief executive of Kuehne + Nagel International, said: “One year ago, we first announced the strategic review of […]