Kuehne + Nagel has entered into an agreement to acquire Quick International Courier, a provider of time-critical transportation and logistics solutions.
Quick is a specialist in providing tailor-made solutions to the aviation and healthcare industries, generating more than US$200 million in annual net revenue. The group consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics. All will continue to operate as independent specialized product brands.
“Kuehne + Nagel’s M&A strategy is focused on expanding our footprint, creating synergies and acquiring know how,” said 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.”
According to Yngve Ruud, member of the managing board at Kuehne + Nagel responsible for air freight, the acquisition is an important milestone in the implementation of the company’s solutions strategy.
“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,” he said. “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.”
Quick was founded in 1981 and headquartered in Jamaica, NY. The company has about 550 employees and specializes in shipments that are usually urgent in nature and often global, complex and logistics intense with a high cost of failure. Quick deploys different key regional support centres and control towers around the world.
“We are very excited to become part of the Kuehne + Nagel Group and further expand the services we provide to our customers, with a clear focus on providing integrated logistics solutions with speed, control, communication and IT efficiencies,” said Dominique Bischoff-Brown, CEO of The Quick Group of Companies. “We plan to continue leading the industry, providing the very best specialized solutions.”
