Kuehne + Nagel has announced that it has acquired Quick International Courier, a global provider of time-critical transportation and logistics solutions. Generating over $200m net revenue in 2017, the industry specialist provides tailor made solutions to the pharma and healthcare industries.
The company employs around 550 people handling “Next Flight Out” and “Next Drive Out” shipments which have an urgent nature whilst being global, complex and logistics intensive. These shipments often have a high cost of failure while operated with strictly defined protocols and control points from order to delivery.
Quick consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics who will continue to operate as independent product brands. The acquisition is subject to customary closing conditions and to clearance by the competent merger control authorities.
“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”, said Yngve Ruud, Member of the Managing Board of Kuehne + Nagel, responsible for its airfreight division.
Source: Kuehne + Nagel
