Kuehne & Nagel sells major part of its UK contract logistics portfolio
Kuehne & Nagel International entered into a definitive agreement to sell a major part of its UK contract logistics portfolio to Xpo Logistics. The scope of the transaction includes the drinks logistics, food services and retail & technology businesses. The transaction – it is written in a press release – is in line with the Kuehne & Nagel’s strategy of selling its non-core assets, improving its effectiveness and concentrating on essential, accessible solutions.
