Acquisition-hungry Descartes made its fourth buy this year, taking over freight brokerage technology vendor Tai.
One of Germanys richest men, Kühne was seen as a visionary in the world of logistics, serving as CEO of Kuehne + Nagel for 17 years before becoming majority owner and then honorary chairman.
Strong project demand from renewables and tech could be curtailed by underinvestment in critical handling and lifting equipment, market executives say.
