Kuehne + Nagel International AG (SWX:KNIN) to acquire Farrow Group Inc. from Farrow family on November 28, 2023. Upon close, Farrow will become a fully owned subsidiary of Kuehne + Nagel International. Farrow?s company name, leadership team, and colleagues will remain intact under the leadership of Rick Farrow, Chairman. The acquisition is subject to approval from regulatory authorities and customary closing conditions. Completion of the transaction is expected during the first quarter of 2024. 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 and Mexican borders of the USA.

Kuehne + Nagel International AG (SWX:KNIN) completed the acquisition of Farrow Group Inc. from Farrow family for approximately 170 million on January 31, 2024. The Farrow name and team remain in place, and the organization will continue to operate as a stand-alone business under its current executive leadership team and the guidance of Rick Farrow, Chairman at Farrow. Peter K. Czegledy and Alicia McKeag of Aird & Berlis acted as legal advisor to Kuehne+Nagel.