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.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now