Kuehne+Nagel has opened a new control tower and conditioning facility in Singapore, together with subsidiary QuickSTAT, which specialises in time-critical and temperature-sensitive shipping to help bring new drugs and medical protocols to market safely and quickly. The investment is a part of a wider strategy to further expand both companies’ logistics capabilities to serve customers in the pharma and healthcare industry across Asia Pacific. The new conditioning facility, located at … [Read more...] about K+N opens new facility as pharma helps boost earnings
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Kuehne+Nagel to sell Apex minor stake to Partners Group
Kuehne+Nagel announced earlier this week that it will sell 24.9 percent of its stake in Chinese forwarder Apex International Corporation to private equity firm Partners Group. Partners Group will work alongside fellow Swiss company K+N to implement a ‘transformational value creation plan’ for Apex together with its management team, as part of the board. The investment management firms says key initiatives include establishing new freight forwarding routes, identifying new growth verticals … [Read more...] about Kuehne+Nagel to sell Apex minor stake to Partners Group
Kuehne+Nagel completes Apex acquisition
Kuehne+Nagel has completed the acquisition of Chinese forwarder Apex International with a purchase price of more than US$1.2 billion (CHF 1.1 billion), adding significant forwarding expertise, particularly on the transpacific and intra-Asia routes. The forwarder says it will offer customers a 'compelling' value proposition in the competitive Asian logistics industry, especially in e-commerce fulfilment, hi-tech and e-mobility. Also read: Kuehne+Nagel teams up with pharma distributor … [Read more...] about Kuehne+Nagel completes Apex acquisition
Kuehne+Nagel teams up with pharma distributor Jointown
Kuehne+Nagel is stepping on the gas to expand its contract logistics business in China’s pharma and healthcare sector, as it announced a strategic partnership with Chinese distributor Jointown Pharmaceutical Group. The moves comes after the Swiss logistics provider said it will buy Chinese freight forwarder Apex International Corporation earlier this week, which the company considers its largest acquisition to date. The partnership with Jointown allows Kuehne+Nagel access to the company’s … [Read more...] about Kuehne+Nagel teams up with pharma distributor Jointown
Kuehne+Nagel to buy Asian forwarder Apex International
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
Kuehne+Nagel and Moderna clinch deal for vaccine distribution
Kuehne+Nagel has finalised a deal that will see the freight forwarder supporting the supply chain and distribution of Moderna’s Covid-19 vaccines. The logistics provider will support the worldwide distribution of vaccine doses from the US-based biotech firm’s facility in Europe to markets in Europe, Asia, Middle East and Africa, and parts of the Americas. K+N will provide cold storage warehousing for the vaccine at its pharma hub in Europe and will use its network to distribute the vaccine … [Read more...] about Kuehne+Nagel and Moderna clinch deal for vaccine distribution