Apex Joins the Kuehne+Nagel Group and Hence Becomes a Market Leader on the Transpacific RouteApex International Corporation
MAY 12, 2021
May 12 2021 – Apex International Corporation (“Apex”) has joined Kuehne+Nagel Group (“Kuehne+Nagel”), following the satisfaction of all closing conditions, including the receipt of unconditional regulatory approvals from the competent authorities. Apex management has retained minority stake, while Kuehne+Nagel has acquired majority shares.
Apex is one of the world’s leading freight forwarders, especially on the transpacific and intra-Asia trade routes. The company is officially ranked as the 7th largest air logistics provider globally in 2020. Kuehne+Nagel is a global transport and logistics company founded in 1890; based in Switzerland, it is one of the world’s leading logistics companies, with 72,500 employees at 1,400 locations in over 100 countries, and publicly ranked as the largest ocean logistics provider globally. Together, Apex and Kuehne+Nagel offer their customers expanded and compelling propositions in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.
Tony Song, CEO of Apex Group, says:
“With Kuehne+Nagel, we have found a strategic owner with more than 130 years of heritage. We are sure that with this transaction, Apex management team will continue to keep the spirit of entrepreneurship, and add value to our customers’ supply chains, supported by the global network, capabilities and solutions of the Kuehne+Nagel Group.”Following closing of the transaction Apex will remain a stand-alone company with its own distinct brand and will continue to be managed by its current experienced management team.
About Apex
With over 1,900 employees at 41 locations over six continents, Apex International Corporation is one of the world’s leading freight forwarders, particularly in air logistics. Its strong market position lies in airfreight, ocean freight, surface and domestic, and contract logistics.
