Kuehne+Nagel is set to expand its footprint in Asia Pacific after it agreed to buy freight forwarder Apex International, which the Swiss company described as the “largest acquisition in its history.” In a press release, the two parties have agreed to not disclose any transaction details, but a Bloomberg report valued the purchase at US$1.5 billion. Apex was founded in China in 2001 and has expanded throughout Asia, with particular focus on the transpacific and intra-Asia routes. In 2015, … [Read more...] about Kuehne+Nagel to buy Asian forwarder Apex International