News / Sale of UK and Ireland operations completes K+N contract logistics restructure

Kuehne + Nagel has finished restructuring its contract logistics arm, after the sale of its UK and Ireland operations to XPO Logistics.

That deal followed the sale of its contract logistics business in Argentina to Tasa Logistica, and the divestment of the chilled FMCG portfolio in France and some real estate.

Chairman Joerg Wolle said: “With the divestment of parts of our contract logistics business in the UK, the focused, comprehensive restructuring process was successfully completed. The business unit is now well positioned ...