Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

Quick move by Kuehne & Nagel

Kuehne + Nagel has announced the acquisition of Quick International Courier, specialisng in time-critical transportation and logistics solutions globally

Linked InTwitterFacebookeCard

Quick specialises in providing tailor-made solutions to the aviation and pharma & healthcare industries, generating more than US$200M annual net revenue. Quick consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics, which will continue to operate as separate product brands.

 

“Kuehne + Nagel’s M&A strategy is focused on expanding our footprint, creating synergies and acquiring know how," said Dr Detlef Trefzger, CEO of Kuehne + Nagel International AG. "The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio.”

 

Yngve Ruud, Member of the Managing Board of Kuehne + Nagel, 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 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."

 

Headquartered in Jamaica, NY, USA, Quick has around 550 employees specialised in “Next Flight Out” and “Next Drive Out” shipments, among others. 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. Quick deploys different key regional support centres and control towers all over the world.

 

“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,” said Dominique Bischoff-Brown, Quick’s CEO.

 

The purchase price has not been disclosed. The acquisition is subject to customary closing conditions and to clearance by the competent merger control authorities.

Linked InTwitterFacebookeCard

You may also be interested in...

JV boost for Shanghai

Sibre/EMG for ADT

VTG introduces rCE Powerpack

China and Nepal agree transit trade deal

Chinese operators march offshore

Primorsk development plan

Related Stories

MSC GÜLSÜN docks at Bremerhaven – and sails into a storm

The world’s first 24-across container vessel, the 23,800 TEU, currently the worl...

Nairobi backs down on SGR decree

The government of Kenya has backtracked on a recent decree that all cargo import...

People on the move – Nils Kahn to head MSC Germany

Women are appointed for the first time to top roles in Everett and Bremen Ports;...

Blyth receives world's longest wind power blade

The world’s longest offshore wind turbine blade has arrived at the Port of Blyth...
Linked In
Twitter