Kuehne+Nagel has acquired a majority stake in IMC Logistics, a marine drayage provider in the United States.
The global shipping company will acquire 51 per cent of the privately held IMC, which specialises in end-to-end transportation solutions to or from seaports or rail hubs and customer facilities IMC is headquartered in Collierville, Tennessee and have been long time partners with Kuehne+Nagel.
IMC’s national network includes 49 locations with a strategic presence at major US seaports and rail transportation hubs. The company handles 2 million TEUs annually in intermodal drayage and rail operations. With around 1,700 employees and a network of independent contractors, IMC generated revenue of around $800 million USD in 2023.
“The Kuehne+Nagel strategy is based on organic growth supported by targeted bolt-on acquisitions,” said Chairman of the Board of Directors of Kuehne+Nagel International AG, Dr. Joerg Wolle. “Asia and North America are the key growth markets for our business, where we have established a leading position which we systematically expand. With IMC in the USA as with the acquisition of Apex in Asia, we do rely on long term partnerships. This reduces the acquisition risk, ensures quick success by deepening an already rewarding cooperation.”
With this investment, Kuehne+Nagel enhances its access to one of the most important logistics networks in North America, ensuring flexible transportation solutions in times of increasing supply chain disruptions. The IMC brand will be retained.
“International Sea Logistics is a highly complex business with many interfaces and stakeholders, in which US trade flows are of central importance,” said Kuehne+Nagel International CEO, Stefan Paul. ” IMC’s range of capabilities significantly expands our service offering and allows us to develop even more attractive solutions for the value chains of our sea freight customers.”
The transaction is expected to be completed at the beginning of the first quarter of 2025. The deal is subject to approval from regulatory authorities and customary closing conditions.
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