Comment / Madrid beckons: Kuehne's bolt-on M&A comes – one zero after another

ID 17367423 © Jovani Carlo Gorospe | Dreamstime.com

Signs.

(Or sighs?!)

First off 

There are a few takeaways drawing from today’s announcement that DSV’s lagging rival in M&A and on the stock market, Kuehne + Nagel (K+N) from Schindellegi, has agreed to acquire Spanish trucker Transporte y Distribución Nacional (TDN).

In what is bolt-on road logistics M&A of necessity, the transaction – whose value was undisclosed – confirms the Swiss forwarder’s focus on deal-making a la Kuehne: let’s do it little by little, adding assets that may add value to the portfolio.

Is ...