Kuehne+Nagel Acquires Canadian Broker Farrow
Kuehne+Nagel will acquire the Canada-based customs broker Farrow, the Swiss logistics company said in a news release. “The acquisition of Farrow will be immediately earnings-accretive and will expand the company’s customs capabilities in a complementary way, especially at the Canadian…
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and Mexican borders of the USA,” Kuehne+Nagel said. The deal's completion is expected in the first quarter of 2024, and is subject to “approval from regulatory authorities and customary closing conditions,” the release said. “Upon close, Farrow will become a fully owned subsidiary of Kuehne+Nagel.” Terms were not disclosed.