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Kuehne + Nagel reveals acquisition price of Apex International

Logistics company Kuehne + Nagel will pay more than CHF 1 billion for the acquisition of Apex International, reveals the company's annual report, in which Kuehne + Nagel reports of a strong second half-year. Overall, Kuehne + Nagel saw a drop in container volumes in 2020.

Photo: Kuehne+Nagel

The acquisition of Asian logistics company Apex International will cost Kuehne + Nagel up to CHF 1.2 billion, writes the logistics major in its annual report, published Wednesday morning.

In the report, Kuehne + Nagel reveals that the acquisition of Apex International will cost the company between CHF 1.1 and 1.2 billion (USD 1.2 and 1.4 billion). An acquisition the company expects to finance through a mixture of its own funds and "if needed, by available credit lines".

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