KUEHNE & NAGEL BUYS MAJORITY STAKE IN VIRTUAL INTEGRATION ASSOCIATION
After a period of cooperation, Kuehne & Nagel has acquired an 80-percent stake in Virtual Integration Associates. VIA is a Canadian supply chain management and vendor management inventory provider. VIA's parent company, Canadian Rusgen Holdings, owns 40 percent of the newly formed company, KN VIA.
KN VIA operates nine vendor hubs across North America, Thailand and China. Within the next 18 months, the company plans to launch another 15 hubs worldwide.