News / XPO to buy part of Kuehne + Nagel's UK contract logistics business

As XPO Logistics continues to ponder options to sell parts of its own business, it has returned to the acquisition trail with an agreement to buy part of Kuehne + Nagel’s contract logistics trade in the UK.

This morning K+N announced it had entered into a “definitive agreement” to sell the drinks logistics, food services and retail & technology vertical in its UK contract logistics division, part of wide-ranging review of the Switzerland-headquartered freight forwarder’s operations.

Although both parties declined to disclose ...