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Kuehne+Nagel to buy pan-Asian operator

[ March 4, 2024   //   ]

Kuehne+Nagel has signed and agreement to acquire pan-Asian operator City Zone Express from Chasen Holdings’. Headquartered in Malaysia and established in 2006, City Zone Express has over 500 employees and operates in Malaysia, Singapore, Vietnam Thailand, and China. with an owned fleet of 260 vehicles and 80,000sq m of warehousing space, offering cross-border logistics services throughout Southeast Asia as far as China. Completion of the transaction is expected within the coming months subject to approval from applicable regulatory authorities and Chasen Holdings’ shareholders.

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