TSMP Advises Kuehne & Nagel in a MOU with Temasek to invest in early-stage tech companies
TEMASEK Holdings has its eye on budding logistics and supply chain technology firms worldwide - the latest move in its technology-sector venture plays.
The state investment firm will invest in early-stage companies in this area, in a tie-up with global freight forwarder and logistics provider Kuehne + Nagel.
Temasek and Kuehne + Nagel have signed a memorandum of understanding to make these investments, the Switzerland-based logistics group said in a press release on Monday. The two companies will set up a 50-50 joint venture.
Blockchain - which the meteoric rise in cryptocurrency value has made a buzzword - will be one area of focus for the collaboration, alongside Big Data, predictive analytics, artificial intelligence and robotics.
TSMP is proud to be advising global freight forwarder and logistics provider Kuehne + Nagel in a milestone memorandum of understanding with Temasek, to invest in early-stage technology-sector companies together. The focus areas for the collaboration will be blockchain, big data, predictive analytics , artificial intelligence and robotics — in other words, a very exciting development for both Temasek and our client.