- Kuehne+Nagel acquires 51% of IMC Logistics, a US marine drayage provider, enhancing its Sea Logistics network.
- IMC retains its brand and operations across 49 US locations, handling 2 million TEUs annually.
- The acquisition supports Kuehne+Nagel’s growth strategy in North America and Asia, emphasizing long-term partnerships.
- Completion is expected in Q1 2025, pending regulatory approval.
Thu Nov 14 06:46:21 -0000 2024 UTC– Kuehne+Nagel acquires majority stake in US company IMC Logistics, enhancing Sea Logistics offerings in the US with yard operations at key ports and rail hubs.
The investment aims to strengthen logistics networks, providing solutions amidst supply chain disruptions.
The partnership is set to benefit both companies, expanding services and global reach. Deal expected to close in Q1 2025, subject to regulatory approval. Kuehne+Nagel is a leading global logistics provider with a focus on sustainable solutions.