Strategic acquisition in USA for Kuehne Nagel Group
The Kuehne + Nagel Group has entered into an agreement to acquire 100 percent of the shares of ReTrans Inc, a USA-based leading provider of multimodal transportation management solutions. The acquisition builds on Kuehne + Nagel’s overland strategy and will significantly strengthen the company’s position as an end-to-end logistics provider in North America.
Founded in 2002 and headquarted in Memphis Tennessee, ReTrans ranks among the leading US non-asset brokerage providers of intermodal transportation, as well as full and less-than-truckload (FTL and LTL) services in the United States and Canada. With more than 300 employees the company operates in 68 locations and generates annual revenues exceeding $500 million.
Dr Detlef Trefzger, CEO of the Kuehne + Nagel Group, said: “The transaction with ReTrans underlines our strategy to grow organically and through complementary acquisitions. Our customers will benefit from comprehensive end-to-end supply chain solutions in North America. Combined with our strong seafreight, airfreight and contract logistics operations, this transaction will accelerate our growth.”
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