Kuehne+Nagel plans to acquire a family-owned logistics provider based in Limerick that operates across more than 130 countries.
The company, Eastway Global Forwarding, has reportedly earned a strong reputation for delivering time-critical aircraft-on-ground (AOG) support, engine logistics, aviation warehousing and customs brokerage.
It also provides full lifecycle logistics for the aviation leasing industry – a sector projected to grow in value from approximately €174 billion in 2024 to €526 billion by 2034, representing a compound annual growth rate of 11.8 per cent, according to CAPA and Global Market Insights.
“Eastway is a good fit for Kuehne+Nagel,” said Yngve Ruud, Member of the Management Board responsible for Air Logistics.
“This acquisition enhances our aerospace logistics offering globally and supports our long-term growth ambitions in this fast-developing industry.”
Eastway Managing Director, Frank Junior McNamara, said the deal marks an exciting new chapter for the Irish business.
“By combining our deep aerospace expertise with Kuehne+Nagel’s global network, we can deliver world-class supply chain solutions and explore new growth opportunities,” he said.
“It also provides fresh professional development prospects for our team, whose dedication has been central to Eastway’s success.”
The transaction, subject to regulatory approvals and customary closing conditions, is expected to complete by the end of 2025.
Upon finalisation, Eastway will become a wholly owned subsidiary of Kuehne+Nagel, further integrating its specialist aerospace capabilities into the company’s global logistics network.
In other news, Brazil-based OEM, Librelato, is expanding.
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