Wednesday, November 21, 2018

Swiss Freight Forwarding Group Acquires Logistics and Courier Company

Aviation and Healthcare are Principal Markets for Target
Shipping News Feature
US – Swiss headquartered freight forwarding group, Kuehne + Nagel, has announced the acquisition of Quick International Courier, a global operator of time-critical transportation and logistics solutions, subject to customary closing conditions and to clearance by the competent merger control authorities. Yngve Ruud, Member of the Managing Board of Kuehne + Nagel, 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 & 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.”

Quick International’s industry specialist business generates above $200 million annual net revenue. The Quick operation consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics which will currently continue to operate as independent product brands. The combined operations are:

  • Quick Healthcare – specialised in transport of personalized medicine, cell gene and immunotherapy, cordblood, organs and tissue for transplant, blood products, bone marrow, and medical devices, handling live cells with extremely limited shelf life with extreme precision
  • QuickSTAT – specialises in end-to-end transport for clinical research specimens, investigational drugs, clinical trial supplies and personalized medicine in all temperature ranges in a stringent compliance environment helping to bring new drugs and medical protocols to market
  • Sterling Aviation – specialised global aviation logistics arm, handling the most urgent aircraft parts in a time critical, high visibility, highly monitored, precise, best in class collaborative and innovative Control Tower environment from production to after-market. Aircraft on Ground (AOG) specialist helping to keep aircrafts flying and striving to minimise the impact of AOG situations
  • Quick Logistics – provides end-to-end project management, secure chain of custody, control and urgent transportation for the high-tech industry, financial institutions and media and entertainment, helping to keep supply chains intact
Dr. Detlef Trefzger, CEO of Kuehne + Nagel International, observed:

“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.”

Founded in 1981 and headquartered in Jamaica, New York, Quick has about 550 employees specialised in ‘Next Flight Out’ and ‘Next Drive Out’ shipments among others. 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. Quick deploys different key regional support centres and control towers all over the world. Dominique Bischoff-Brown, CEO of Quick International Courier, commented:

“We are looking forward to become part of the Kuehne + Nagel Group. Joining forces with one of the leading logistics providers offers us new growth perspectives within a worldwide operating network.”