Kuehne+Nagel (KNIN. SW) has announced its intention to acquire Eastway Global Forwarding Ltd.
Eastway is a family-owned company headquartered in Limerick, Ireland. It specializes as a logistics provider within the aerospace industry.
Upon completion of the acquisition, Eastway will become a fully owned subsidiary of Kuehne+Nagel.
Yngve Ruud, Member of the Management Board responsible for Air Logistics, stated:
“The acquisition supports our targeted bolt-on acquisition strategy by strengthening our aerospace logistics offering globally and accelerating our growth ambitions in the fast-developing aerospace industry.”
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https://www.nasdaq.com/articles/kuehnenagel-plans-acquire-eastway