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 25 jul 2018 19:37 

EC clears creation of joint venture by Kuehne + Nagel and Temasek

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a newly created joint venture by Kuehne + Nagel International AG ("K+N") of Switzerland and Temasek Holdings Limited of Singapore. The joint venture will identify and invest in young growing logistics technology companies.

he joint venture will identify and invest in young growing logistics technology companies. K+N is a global logistics company active in all types of freight and related services. Temasek is an investment company with a broad range of investments in different industries including financial services, telecommunications, media, transportation, energy and others. The Commission concluded that the proposed transaction would raise no competition concerns given that the main focus of the joint venture's activities will be outside the European Economic Area (EEA). The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.9001. (

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