XPO Logistics completes acquisition of Kuehne+Nagel’s UK contract logistics portfolio
XPO Logistics has today announced that it has completed its planned acquisition of the majority of Kuehne + Nagel’s contract logistics operations in the UK and Ireland.
XPO Logistics declared their intention to make the acquisition back in November, when it got the green light to make the move by the British Competition and Markets Authority.
Malcolm Wilson, XPO Logistics chief executive officer for Europe, says the acquisition presents new opportunities for the company.
“We’re pleased to complete the Kuehne + Nagel acquisition and welcome these prestigious new customers and talented colleagues to XPO. We look forward to the new opportunities that have been created by the combined resources of our larger organization.”
XPO Logistics say the acquisition will expand its contract logistics network in the UK and Ireland to 248 locations and approximately 26,000 employees.
The company add that the acquired operations provide a range of logistics services, including inbound and outbound distribution, reverse logistics management and inventory management, primarily in the beverage, technology and e-commerce, and food service verticals.
Photo credit: XPO Logistics