Kuehne + Nagel and Temasek have now signed a Memorandum of Understanding to establish a joint venture that will invest globally in early stage companies developing technologies and services with the potential to transform the logistics industry. According to a statement announcing the new cooperation, the focus will be on the areas of big data and predictive analysis, artificial intelligence, blockchain and robotics.
“This joint venture will be able to accelerate the transformation of the logistics industry,” said Joerg Wolle, chairman of Kuehne + Nagel. “The cooperation combines Temasek’s focused and long-term oriented investment strategy and expertise with Kuehne + Nagel’s global logistics network and know-how.”
Headquartered in the Greater Zurich Area, Kuehne & Nagel has more than 1,300 offices in over 100 countries. Its key business areas are sea freight, air freight, contract logistics and land transport.
Temasek is a state-owned investment company in Singapore. Its portfolio of around 201 billion Swiss francs covers a broad spectrum of industries.
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