Schindellegi, Switzerland—The Kuehne + Nagel Group is buying ReTrans Inc, a US-based provider of multimodal transportation management solutions.
The acquisition builds on Kuehne + Nagel’s overland strategy and will strengthen the company’s position as an end-to-end logistics provider in North America.
Founded in 2002 and headquarted in Memphis, TN, ReTrans ranks among the leading US non-asset brokerage providers of intermodal transportation, as well as full and less-than-truckload (FTL and LTL) services in the US and Canada. With more than 300 employees the company operates in 68 locations and generates annual revenues exceeding US$500 million.
The transaction is still subject to approval by the competent U.S. regulatory authorities. Both parties agreed not to disclose the purchase price.