Comment / Kuehne CEO Paul against DSV's M&A and 'two of a kind' syndrome

ID 28942053 © Mjth | Dreamstime.com

Kuehne + Nagel (K+N) management hasn’t been shy talking about transformational M&A that others had up their sleeve in freight forwarding this year.

In fact 

Calling itself out of the Schenker race since the early innings of the auction because specialist, niche players are K+N’s mission in deal-making, it was K+N CFO Markus Blanka-Graff preliminarily telling equity analyst in early March that client churn from any Schenker takeover would “help us” grow organically.

That view came well before it was apparent that (then-smaller) ...