M&A Deal Summary

Kuehne + Nagel Acquires City Zone Express

On March 1, 2024, Kuehne + Nagel acquired transportation company City Zone Express

Acquisition Highlights
  • This is Kuehne + Nagel’s 21st transaction in the Transportation sector.
  • This is Kuehne + Nagel’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2024-03-01
Target City Zone Express
Sector Transportation
Buyer(s) Kuehne + Nagel
Deal Type Add-on Acquisition

Target

City Zone Express

Bukit Mertajam, Malaysia
City Zone Express offers cross-border logistics services spanning the entirety of Southeast Asia up to China. It operates more than 860,000 sqft of warehouses in Singapore, Malaysia, Thailand, Myanmar, Vietnam and China. Besides, providing service facilities for Bonded and Non-Bonded cargoes in additional supplementing value-added manual operations such as sorting, re-labeling, re-packing, re-palletizing, inventory monitoring, and replenishment. City Zone Express was formed in 2006 and is based in Bukit Mertajam, Malaysia.

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Buyer(S) 1

Buyer

Kuehne + Nagel

Schindellegi, Switzerland
Category Company
Founded 1890
Sector Transportation
Employees74,996
Revenue 23.8B CHF (2023)
DESCRIPTION

Kuehne + Nagel is a global transportation and logistics company. Kuehne + Nagel was founded in 1890 and is based in Schindellegi, Switzerland.

DEAL STATS #
Overall 22 of 22
Sector (Transportation) 21 of 21
Type (Add-on Acquisition) 20 of 20
Country (Malaysia) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Morgan Cargo

Johannesburg, South Africa

Morgan Cargo offers logistic solutions to a wide variety of internationally based clients. Morgan Cargo is a wholesaler of cargo space, products and services to agents and exporters/importers alike. Morgan Cargo was founded in 1993 and is based in Johannesburg, South Africa.

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