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Customers will benefit from comprehensive end-to-end supply chain solutions
Kuehne + Nagel has entered into an agreement to acquire ReTrans Inc., a US-based 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, with headquarters in Memphis, TN, ReTrans ranks among the leading non-asset brokerage providers of intermodal transportation, as well as full and less-than-truckload (FTL and LTL) services in the US and Canada. With more than 300 employees the Company operates in 68 locations and generates annual revenues exceeding US$500.0 million.
By acquiring ReTrans, Kuehne + Nagel obtains expertise in intermodal transportation with direct access to the most important North American railroad companies, an innovative LTL brokerage business and a platform to provide managed transportation services.
Customers will benefit from comprehensive end-to-end supply chain solutions in North America. Combined with strong sea freight, air freight and contract logistics operations, this transaction will accelerate Kuehne + Nagel’s growth.
The transaction with ReTrans underlines a strategy to grow organically and through complementary acquisitions.
Kuehne + Nagel has entered into an agreement to acquire 100.0% of the shares of ReTrans. The transaction is still subject to approval by the competent US regulatory authorities. Both parties agreed not to disclose the purchase price.