Kuehne+Nagel today announced its intention to acquire Eastway Global Forwarding Ltd., a leading provider of aerospace logistics solutions. The acquisition will further strengthen Kuehne+Nagel’s global aerospace logistics offering and support its growth ambitions in one of the world’s fastest-evolving industrial sectors.
Headquartered in Limerick, Ireland, Eastway is a family-owned company with a global network spanning 130 countries. It is recognized as a trusted partner within the aerospace industry, providing time-critical Aircraft-on-Ground (AOG) services, aircraft engine logistics, aviation warehousing, and customs brokerage, as well as full lifecycle logistics services for the aircraft leasing industry.
The aviation lessor market, which owns more than 50% of the world’s commercial fleet, is projected to grow from USD 187.1 billion in 2024 to USD 565.1 billion by 2034, at a compound annual growth rate (CAGR) of 11.8%, according to CAPA Global Market Insights.
Yngve Ruud, Member of the Management Board of Kuehne+Nagel, responsible for Air Logistics, said:
“Eastway is a good fit for Kuehne+Nagel. The company brings with it a proven track record of success and a strong customer base.
This 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.”
Frank Junior McNamara, Managing Director of Eastway, added:
“By partnering with the world’s leading logistics company, we are taking our family-owned business into an exciting new chapter.
Combining our deep expertise in aerospace logistics with Kuehne+Nagel’s global reach allows us to deliver world-class supply chain solutions to our clients and explore new opportunities for growth.
It also creates exciting pathways for our exceptional team—the heart and driving force behind Eastway’s continued success.”
The acquisition remains subject to regulatory approvals and customary closing conditions, with completion expected by the end of 2025. Upon closing, Eastway will become a wholly owned subsidiary of Kuehne+Nagel.