Kuehne + Nagel is taking over Quick International Courier, a leading provider of global time-critical transportation and logistics solutions. “The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio”, says Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG.
Quick is an industry specialist in providing tailor-made solutions to the aviation and pharma & healthcare industries, generating above USD 200 million annual net revenue. Founded in 1981 and headquartered in Jamaica, NY, Quick has about 550 employees. Quick consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics who will continue to operate as independent product brands.
“This acquisition is a 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”, says Yngve Ruud, Member of the Managing Board of Kuehne + Nagel, responsible for airfreight.
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.
