Comment / Supply chain radar: Just another bolt-on for Kuehne + Nagel

Guess what?

It is another bolt-on deal for Switzerland’s Kuehne + Nagel: New York’s Quick International Courier (QIC), “a market leading provider of time-critical transportation and logistics solutions globally”, with “above $200m” of net revenues, this time around.

Yawn.

At this speed, between 2017 and 2020, K+N will have closed well over 10 bolt-on deals, perhaps 20, adding little shareholder value through the process, if latest trends are anything to go by. I am curious to know how the deal is financed because ...