Kuehne+Nagel to acquire aerospace logistics leader Eastway

Kuehne+Nagel has announced plans to acquire Eastway Global Forwarding, a leading aerospace logistics provider, in a move that will strengthen its position in the global aerospace logistics market and support its growth ambitions in the fast-developing sector.

Headquartered in Limerick, Ireland, Eastway is a family-owned company with a network spanning 130 countries. It is recognised for its expertise in time-critical aircraft-on-ground (AOG) services, aircraft engine logistics, aviation warehousing, and customs brokerage. The company also provides full lifecycle services for the aviation leasing industry, which owns over half of the global aviation fleet. The sector is projected to grow in value from $187.1 billion in 2024 to $565.1 billion by 2034, at a compound annual growth rate of 11.8%, according to CAPA Global Market Insights.

“Eastway is a good fit for Kuehne+Nagel. The company brings with it a proven track record of success and a strong customer base,” said Yngve Ruud, Member of the Management Board responsible for Air Logistics at Kuehne+Nagel. “The 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, said, “By partnering with the world’s leading logistics company, we are taking our family-owned business into an exciting new chapter. Through combining our deep expertise in aerospace logistics with the global reach and capabilities of Kuehne+Nagel, we can extend our footprint and deliver world-class supply chain solutions to clients across the aerospace industry.”

The transaction, subject to regulatory approvals and customary closing conditions, is expected to be completed by the end of 2025. Once finalised, Eastway will become a fully owned subsidiary of Kuehne+Nagel.