Competition authority gives green light to sale of K+N contract logistics portfolio to XPO


 

The sale of Kuehne+Nagel Group’s contract logistics portfolio to XPO Logistics has been sealed after being unconditionally approved by the British Competition and Markets Authority. The deal sees XPO acquire Kuehne+Nagel’s drinks logistics, food services and retail and technology businesses which generated a turnover of approximately £617m in 2019 and employed 7,500 staff. The parties did not disclose the value of the deal. XPO said the transaction expands its UK and Ireland operations to 248 locations and approximately 26,000 employees […]