Kuehne + Nagel ‘acquiring know-how’ with Quick buy

New York-based company specializes in time-critical transportation and logistics solutions.

Kuehne + Nagel ‘acquiring know-how’ with Quick buy

New York-based company specializes in time-critical transportation and logistics solutions.

Kuehne + Nagel ‘acquiring know-how’ with Quick buy

New York-based company specializes in time-critical transportation and logistics solutions.

 
   Kuehne + Nagel on Wednesday announced the acquisition of Quick International Courier, a global provider of time-critical transportation and logistics solutions.
   Kuehne + Nagel described Quick as an industry specialist in providing tailor-made solutions to the aviation and pharma and healthcare industries, generating more than $200 million in annual net revenue.
   Quick consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics, which will continue to operate as independent product brands.
   “Kuehne + Nagel’s M&A strategy is focused on expanding our footprint, creating synergies and acquiring know-how. The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio,” said Detlef Trefzger, CEO of Kuehne + Nagel International AG.
   Founded in 1981 and headquartered in Jamaica, N.Y., Quick has about 550 employees focused on “next flight out” and “next drive out” shipments. Kuehne + Nagel said these shipments are usually urgent in nature and often global, complex and logistics-intense with a high cost of failure while operated with strictly defined protocols and control points from order to delivery.

   Yngve Ruud, a member of the Kuehne + Nagel managing board responsible for airfreight, said, “This acquisition is an important milestone in the implementation of our solutions strategy and a confirmation of our leading position in airfreight. With its unique expertise in time-critical shipments in the fields of aviation and pharma and healthcare — both key strategic focus and investment areas for Kuehne + Nagel — the company perfectly complements our existing global portfolio.”
   Both parties agreed not to disclose the purchase price. The acquisition is subject to customary closing conditions and to clearance by the competent merger control authorities.

Despite the challenges, U.S. business engagement in China strengthens America economically and technologically and thereby contributes to its security and leadership.

Japan was the leading international market for U.S. beef exports in 2018 in terms of volumes and value, according to USMEF.

Most Popular
Latest News
Social Media

Loading...

USTR: China hasn’t stopped unfair actions

USTR: China hasn’t stopped unfair actions

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Kuehne + Nagel ‘acquiring know-how’ with Quick buy

New York-based company specializes in time-critical transportation and logistics solutions.

Nov 21, 2018 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Kuehne + Nagel ‘acquiring know-how’ with Quick buy

New York-based company specializes in time-critical transportation and logistics solutions.

Nov 21, 2018 on Dec 27, 2018AmericanShipper.com