Kuehne + Nagel has entered into a binding agreement to acquire Apex International Corporation.
Apex is one of Asia’s leading freight forwarders, especially in the transpacific and intra-Asia regions. The company was founded in China in 2001 and has expanded throughout Asia and beyond over the years of its growth history.
With approximately 1,600 employees, Apex generates yearly turnover in excess of CHF 2.1bn. In 2020, the company handled total air freight volume of approximately 750,000 tonnes and sea freight volumes of 190,000 TEU.
Dr Joerg Wolle, Chairman of the Board of Directors Kuehne + Nagel International, commented: "Asia Pacific has consistently proven to be one of the most important drivers of global trade. The acquisition of Apex is a further important cornerstone in our strategy and significant fulfilment of the Group’s Asia Pacific ambition."