Kuehne + Nagel had an agreement to acquire Apex International Corp

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Kuehne + Nagel, the world second largest third party logistics provider had agreed to acquire Hongkong APEX International Corp. It said was the biggest one in the history of the business.

K + N CEO stated that the combination of these two big companies gives them better opportunity to offer their customer a compelling proposition in the competitive Asian Logistics industry, APEX and K + N will continue to operate as a separate company.

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Source: Freightwaves