Kuehne+Nagel has completed the acquisition of Apex, following the satisfaction of all closing conditions, including the receipt of unconditional regulatory approvals from the competent authorities. Apex is one of Asia’s leading freight forwarders, especially on the transpacific and intra-Asia trade routes.
Kuehne+Nagel and Apex says they offer their customers a compelling value proposition in the competitive Asian logistics industry, especially in e-commerce fulfilment, hi-tech and e-mobility.
Dr. Joerg Wolle, Chairman of Kuehne + Nagel International AG, says: “With the acquisition of Apex, Kuehne+Nagel complements its successful organic growth strategy and substantiates its strong position as one of the world’s largest logistics providers. With this transaction we are expanding the Group’s service offering, networks and potential for growth, in Asia and globally.”
The management team of Apex will continue to run the company, supported by the global network, capabilities and solutions of the Kuehne+Nagel Group.
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