The Competition and Markets Authority has cleared the anticipated acquisition by XPO Logistics of Kuehne + Nagel Drinkflow Logistics Holdings following an investigation.
Further details are to be published by the CMA in due course but it said that the merger inquiry, launched on 18th September to investigate if the acquisition would result in a substantial lessening of competition, had been cleared.
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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