Kuehne+Nagel has entered into a long-term agreement with Amazon to build on their existing relationship.
The forwarder said that the new agreement is designed to support future business opportunities and further strengthen customer services for Amazon and its affiliates.
It includes Amazon Web Services (AWS), encompassing the infrastructure lifecycle from construction and equipment deployment to ongoing maintenance, upgrades and expansion projects.
“By building on its relationship with Amazon and AWS, Kuehne+Nagel will strengthen supply chain resilience, scalability and operational efficiency, supporting the continued growth of cloud infrastructure globally,” the company said.
Stefan Paul, chief executive of Kuehne+Nagel International, explained: “We are excited to enter this long-term collaboration with Amazon, with a shared focus on scale, innovation and customer value.
“Kuehne+Nagel’s global network, digital capabilities and supply chain expertise are well positioned to support Amazon’s evolving business needs, enabling us to accelerate future growth opportunities and create lasting value for our customers.
“We are setting the foundation for a new level of customer service commitment at a global scale for Amazon.”
The partnership is also supported by a call option on existing Kuehne+Nagel shares that settles in cash or, at Amazon’s election, in shares, with vesting based on commercial milestones and services over a period of up to seven years.
Kuehne+Nagel has arranged for a third-party financial institution to engage in hedging transactions in to support the arrangement.
