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Temasek and Kuehne + Nagel create joint venture to invest in technology start-ups
SINGAPORE-headquartered investment firm Temasek and Kuehne + Nagel have inked a memorandum of understanding (MoU) to set up a joint venture to invest in start-ups worldwide that are developing technology for logistics and supply chains, including big data and predictive analytics, artificial intelligence, block chain and robotics.
The joint venture is targeting investments into companies that are developing "technologies and services with the potential to transform traditional business models in logistics, improve efficiency and provide an enhanced value proposition for the consumers," a statement said.
Kuehne + Nagel International AG chairman Dr Joerg Wolle said: "The cooperation combines Temasek's focused and long-term oriented investment strategy and expertise, with Kuehne + Nagel's global logistics network and know-how, creating a win-win situation for all parties.
"For Kuehne + Nagel it is both another important step in the deployment of our digitalisation approach and to shape the future of our industry."
Temasek president, Europe and Southeast Asia, Tan Chong Lee added: "We are pleased to partner with Kuehne + Nagel in this joint venture, and believe the collaboration will allow us to further identify and support growing companies at the forefront of technological development in the logistics industry."
The joint venture is targeting investments into companies that are developing "technologies and services with the potential to transform traditional business models in logistics, improve efficiency and provide an enhanced value proposition for the consumers," a statement said.
Kuehne + Nagel International AG chairman Dr Joerg Wolle said: "The cooperation combines Temasek's focused and long-term oriented investment strategy and expertise, with Kuehne + Nagel's global logistics network and know-how, creating a win-win situation for all parties.
"For Kuehne + Nagel it is both another important step in the deployment of our digitalisation approach and to shape the future of our industry."
Temasek president, Europe and Southeast Asia, Tan Chong Lee added: "We are pleased to partner with Kuehne + Nagel in this joint venture, and believe the collaboration will allow us to further identify and support growing companies at the forefront of technological development in the logistics industry."
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