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Kuehne + Nagel goes after China pharma logistics
Partnership with Jointown boosts K + N’s presence in China as more COVID-19 vaccines are approved A Kuehne + Nagel employee affixes a label to a medicine shipment. (Photo: K + N)
Two days after signing a definitive contract to acquire Hong Kong-based import/export facilitator Apex International Corp., mega-logistics services provider Kuehne + Nagel International AG struck a strategic partnership with Chinese pharmaceutical distributor Jointown, making good on recent plans to expand business in Asia.
Kuehne + Nagel, headquartered in Switzerland and number two in the world for logistics services based on gross revenue, said Wednesday it has entered into a partnership with China’s largest independent pharmaceutical distributor, accelerating its involvement in health care logistics in China.