Kuehne+Nagel rises on long-term Amazon collaboration deal

Kuehne + Nagel International AG

21/09/2026 12:44

Updates share move, specifies sourcing in 3rd bullet
** Shares in Kuehne+Nagel KNIN.S rise 5.8% after the Swiss logistics group announced a long-term strategic collaboration with Amazon AMZN.O
** Kuehne+Nagel says the deal includes Amazon Web Services, covering cloud infrastructure logistics from construction and equipment deployment to maintenance, upgrades and expansion projects
** For Kuehne+Nagel, Amazon generates revenue in a high triple-digit million-dollar range, which could become several billion thanks to the deal, an insider told Reuters
** Brokerage Vontobel says the agreement highlights Kuehne+Nagel's "strong and growing position" in profitable data centre infrastructure logistics, with the relationship likely to further accelerate growth in this segment
** The collaboration is supported by a call option on existing Kuehne+Nagel shares, with vesting based on commercial milestones and services over up to seven years
** The shares are on track for their best day since February 2023, as Monday's rise brings the stock's YTD gains to more than 33%​

(Reporting by Basile Day)
((Basile.Day@thomsonreuters.com))