• Kuehne+Nagel announces its intention to acquire Eastway, a leader in aerospace logistics
• Acquisition will strengthen Kuehne+Nagel’s position in global aerospace logistics
Kuehne+Nagel announces its intention to acquire Eastway Global Forwarding Ltd., a leader in aerospace logistics. The acquisition complements Kuehne+Nagel's aerospace logistics offering and supports its growth ambitions in the fast-developing aerospace industry.
With a network spanning 130 countries globally, Eastway is a family-owned company, headquartered in Limerick, Ireland. It is a trusted logistics provider in the aerospace industry. The company offers time critical aircraft-on-ground (AOG) services, aircraft engine logistics, aviation logistics & warehousing, and customs brokerage services. It also provides full lifecycle services for the aviation leasing industry. The aviation lessor industry owns over 50% of the global aviation fleet and is expected to grow in value from USD 187.1 billion in 2024 to 565.1 billion by 2034, at a CAGR of 11.8% (CAPA, Global Market Insights).
“Eastway is a good fit for Kuehne+Nagel. The company brings with it a proven track record of success and a strong customer base,” says Yngve Ruud, Member of the 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.” (....)