As of January 31, 2024, Kuehne+Nagel Group has successfully concluded the acquisition of Farrow after the completion of the customary regulatory review. Farrow will now operate as a wholly owned subsidiary of Kuehne+Nagel, maintaining its name, team, and status as a stand-alone business.
Rick Farrow, Chairman at Farrow, expressed confidence in the transition, stating: “I am comforted knowing that Farrow will be in the hands of an industry leader who will continue the great work that my family started over 110 years ago. As we forge ahead in this new chapter, I am excited for the business growth potential that these two companies will together drive.”
This strategic move aims to enhance cross-border capabilities and logistics services, creating new growth opportunities for both companies.