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K+N unveils M&A strategy targeting 'complementary' add-ons in Asia
21 Jul, 2021

Kuehne + Nagel's decision to sell 24.9% of Apex, which it bought in May, is part of a wider strategy to identify more M&A opportunities in the Asia Pacific region, it said yesterday.

K+N announced in July it would sell part of its stake to Partners Group, chief financial officer Markus Blanka-Graff telling investors the forwarder wanted an investment partner in Asia.

"With a strong partner with good expertise in Asia, we will have access to potential targets. M&A targets are sometimes identified by them raising their hands, and sometimes by investment partners.

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