Kuehne+Nagel plans to acquire a 51% stake in IMC Logistics to enhance its growth strategy for the decade. Following the transaction, IMC will maintain its operations while benefiting from increased resources. The deal is expected to finalize in Q1 2025, with specific terms undisclosed. Kuehne+Nagel aims to expand its market presence while adhering to an asset-light business model. IMC, the U.S.’s largest marine drayage provider, recently acquired American Pacific Transportation, further strengthening its capabilities in the logistics sector.

Source: https://www.supplychaindive.com/news/imc-logistics-kuehne-nagel-merger-acquisition/733726/