Kuehne + Nagel buys Asian logistics company with 1,600 employees

Logistics major Kuehne + Nagel buys Asian logistics company Apex International, which has a revenue in the billions and 1,600 employees. According to Kuehne + Nagel, this marks the group's biggest acquisition ever.

Photo: PR / Kuehne + Nagel

Kuehne + Nagel enters a binding agreement to buy Asian logistics operator Apex International, announces the Swiss-based logistics major on Monday.

Apex International, founded in China, is one of Asia's biggest freight forwarders, and the acquisition "marks a large step toward fulfilling strategic Asia ambitions," writes Kuehne + Nagel in the press release, which does not reveal a price for the transaction.

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