Kuehne+Nagel (K+N) will acquire aerospace logistics firm Eastway Global Forwarding, subject to regulatory approvals and customary closing conditions. Completion of the transaction is slated for the end of 2025.
Headquartered in Limerick, Ireland, Eastway is a family-owned company which has a network spanning 130 countries globally. It offers time critical aircraft-on-ground (AOG) services, aircraft engine logistics, aviation logistics and warehousing, and Customs brokerage services. It also provides full lifecycle services for the aviation leasing industry.
“Eastway is a good fit for Kuehne+Nagel. The company brings with it a proven track record of success and a strong customer base,” said Yngve Ruud, member of the K+N management board, responsible for air logistics. “The acquisition supports our targeted bolt-on acquisition strategy by strengthening our aerospace logistics offering globally and accelerating our growth ambitions in the fast-developing aerospace industry.”
Frank Junior McNamara, managing director of Eastway, added: “Through combining our deep expertise in aerospace logistics with the global reach and capabilities of Kuehne+Nagel, we can extend our footprint and deliver world-class supply chain solutions to clients across the aerospace industry.”
With the acquisition expected to be closed by the end of 2025, Eastway will become a fully owned subsidiary of K+N.
Last month, K+N begun taking steps to safeguard its cost base after its margins came under pressure.
