Kuehne+Nagel has reported its acquisition of a 51% stake in IMC Logistics, a leading US marine drayage provider. This partnership strengthens Kuehne+Nagel’s intermodal Sea Logistics offerings in North America, providing greater flexibility and efficiency in transportation solutions amid ongoing supply chain challenges.
- Kuehne+Nagel acquires a 51% stake in IMC Logistics, retaining the IMC brand.
- IMC operates a network of 49 locations across key US seaports and rail hubs, handling 2 million TEUs annually.
- The acquisition enhances Kuehne+Nagel’s Sea Logistics services in North America and aligns with its growth strategy.
- The transaction, expected to close in Q1 2025, awaits regulatory approval.
Strengthening North America’s Logistics Network
IMC, based in Collierville, Tennessee, has over four decades of experience in intermodal logistics, offering comprehensive transportation solutions from seaports and rail hubs to customer facilities. Operating across 49 strategic locations in the US, IMC handled 2 million TEUs in 2023 and generated $800 million in revenue.
Expanding Longstanding Partnerships
Kuehne+Nagel’s acquisition builds on its long-term collaboration with IMC. By combining IMC’s expertise in landside container logistics with Kuehne+Nagel’s global reach, the partnership ensures seamless and scalable solutions for customers’ supply chains.
Leadership Perspectives
Dr. Joerg Wolle, Chairman of Kuehne+Nagel International AG, described this acquisition as part of the company’s strategic growth plan focused on key markets like North America and Asia. Stefan Paul, CEO of Kuehne+Nagel, highlighted IMC’s capabilities in enhancing the company’s service range for international Sea Logistics. IMC founder Mark H. George welcomed the collaboration, emphasizing the mutual benefits for customers and employees.
Transaction Timeline
The deal is expected to close in early 2025, subject to regulatory approvals and customary conditions. Both parties have agreed to maintain confidentiality regarding additional transaction details.
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Source: Kuhne+Nagel
