Kuehne+Nagel Enters Into Long-Term Collaboration with Amazon
The deal strengthens Kuehne+Nagel’s data-center logistics business and includes a milestone-based call option tied to existing shares over seven years.
- On Monday, September 21, Swiss logistics company Kuehne and Nagel announced a long-term strategic collaboration with Amazon, including Amazon Web Services support, sending shares up 5.2%.
- Nagel CEO Stefan Paul said the partnership establishes a "new level of customer service commitment" for Amazon, while analyst Michael Foeth noted the deal highlights the company's "strong and growing" position in data center infrastructure logistics.
- The collaboration includes a milestone-based call option on existing shares vesting over up to seven years, with Kuehne and Nagel engaging a third-party institution to undertake hedging transactions to support the arrangement.
- Amazon has built its own freight and delivery operations over the past decade to reduce reliance on external partners, launching Amazon Supply Chain Services in May to package air, ocean, and trucking offerings.
- This strategic shift follows the death last month of German shipping tycoon Klaus-Michael Kuehne, who expanded the company into a global transport behemoth with a staff of 88,000 and extensive sea and air freight operations.
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13 Articles
Kuehne+Nagel has concluded a long-term agreement with Amazon to expand its operation in the global data center infrastructure and strengthen the services provided to the US technology giant. Exclusive material for subscribers. To have full access, access the link of the material and register.
Kühne+Nagel cooperates with Amazon in the long term. The Group takes over logistics services for Amazon's cloud business. Investors receive the news positively.
Kühne + Nagel is expected to build, maintain and modernise AI infrastructure for Amazon and deliver components for data centers from Asia to all over the world. Orders are expected to significantly increase logistics sales by several billion euros.
Kuehne+Nagel announces long-term collaboration with Amazon
Kuehne+Nagel has entered into a long-term strategic collaboration with Amazon to support new business opportunities and strengthen services for the technology and e-commerce group. The agreement builds on the companies’ existing relationship. It will focus on scale, innovation and the development of services for Amazon and its affiliates. “We are excited to enter this long-term […]
Kühne+Nagel is expanding the Amazon business and taking AWS as its customer. The agreement could increase the annual volume to several billion dollars.
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