Parties
Company
Kuehne+Nagel Group
Company
Farrow
On January 31, 2024, the Kuehne+Nagel Group successfully completed the acquisition of Farrow, a distinguished leader in customs brokerage, trade consulting, and logistics services. This strategic move resulted in Farrow becoming a fully integrated subsidiary of Kuehne+Nagel while retaining its brand identity and operational autonomy as a stand-alone entity. The organization's existing executive leadership team, under the stewardship of Rick Farrow, Chairman of Farrow, will continue to lead the company. Rick Farrow expressed his optimism and confidence in the acquisition, emphasizing the synergy between the two companies and the potential for enhanced business growth. He highlighted the legacy of Farrow, a family-founded enterprise with over 110 years of history, now joining forces with an industry titan like Kuehne+Nagel to leverage mutual strengths in cross-border capabilities and logistics services. The partnership is poised to unlock new opportunities for clients and employees alike, promising an exciting future for both entities.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
31 January 2024