Kuehne+Nagel to acquire a majority stake in IMC Logistics.

Kuehne+Nagel, a logistics provider, agreed to acquire a majority stake in IMC Logistics, a marine drayage provider. Financial terms were not disclosed. "International Sea Logistics is a highly complex business with many interfaces and stakeholders, in which US trade flows are of central importance. IMC's range of capabilities significantly expands our service offering and allows us to develop even more attractive solutions for the value chains of our sea freight customers," Stefan Paul, Kuehne+Nagel CEO.