Kuehne+Nagel rises on long-term Amazon collaboration deal

** 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%