Comment / Against the odds: CEVA, not Panalpina, the right mating partner for K+N

Diane Picard

Unforgettable.

In late 2005, Kuehne +Nagel (K+N) agreed its largest deal to date by acquiring Paris-based ACR Logistics for less than half a billion euros from Los Angeles-based Platinum Equity.

Check out in the table above the identity and credentials of the ACR Logistics executive involved; below, meanwhile, is a snapshot of his curriculum vitae.

(Source marketscreener.com)

Panalpina employs smart executives in key spots, but few boast the pedigree of Xavier Urbain, the chief executive of CEVA Logistics.

Deals

In 2006, K+N’s record M&A-related cash outlays of CHF655m came after ...