CMA clears XPO Logistics acquisition of Kuehne + Nagel Drinkflow
The Competition and Markets Authority has cleared the anticipated acquisition by XPO Logistics of Kuehne + Nagel Drinkflow Logistics Holdings following an investigation.
As a result of the sale XPO will acquire the former drinks logistics, food services and retail and technology businesses of K+N. These operations generated a turnover of approximately CHF 750 million (£615.2 million) in 2019 and employ some 7,500 employees.
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