Leading 3PL to target cutting-edge start-ups

Kuehne + Nagel has partnered with Singapore-based investment firm Temasek to create a joint venture for investments in logistics technology start-ups.

The two firms have signed a Memorandum of Understanding to invest globally in early stage companies developing cutting-edge technology for logistics and supply chains.

Dr. Joerg Wolle, chairman Kuehne + Nagel International AG: “This joint venture will be able to accelerate the transformation of the logistics industry. The cooperation combines Temasek’s focused and long-term oriented investment strategy and expertise, with Kuehne + Nagel’s global logistics network and know-how. For Kuehne + Nagel it is both another important step in the deployment of our digitalisation approach and to shape the future of our industry.”

The joint venture is targeting investments companies with the potential to transform traditional business models in logistics. The cooperation will focus particularly on the areas of big data and predictive analytics, artificial intelligence, block chain and robotics.

Temasek owns a S$275 billion (US$197b) portfolio, mainly in Singapore and the rest of Asia.