Another Airfreight Acquisition for 2018
Kuehne + Nagel Continue Expanding Global Strategy
Quick International Courier, known for its global role as a leader in time-intensive transportation and logistics in addition to generating 200 million annual net revenue, is officially supporting Kuehne + Nagel’s footprint extension strategy, according to a release this week.
“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 & healthcare – both key strategic focus and investment areas for Kuehne + Nagel – the company perfectly complements our existing global portfolio. Our customers will benefit from a much greater scope of services and capability for time-critical shipments, while Quick’s customers will get access to Kuehne + Nagel’s global network across more than 100 countries”, Yngve Ruud, Member of the Managing Board of Kuehne + Nagel said.
The announcement released this week accounts for the second acquisition for Kuehne + Nagel in a month. Back in October, the company announced the acquisition of Wira Logistics in an effort to support the warehousing distribution network in Indonesia.
“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”, Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG said.
With Q1 around the corner, industry experts continue making strides as seen with various acquisitions to maximize growth and extension opportunities on a global scale. With improved transportation of critical logistics intense materials, Kuehne + Nagel are now able to provide some of the most complex deliveries.
“We are looking forward to become part of the Kuehne + Nagel Group. Joining forces with one of the leading logistics providers offers us new growth perspectives within a worldwide operating network”, Dominique Bischoff-Brown, CEO of Quick International Courier said about the acquisition.