Kuehne+Nagel completes acquisition of Apex Kuehne+Nagel has completed the acquisition of Apex International Corporation, following the satisfaction of all closing conditions, including the receipt of unconditional regulatory approvals from the competent authorities. Apex is one of Asia’s leading freight forwarders, especially on the transpacific and intra-Asia trade routes. In 2020, the company generated turnover of CHF 2.2 billion, gross profit of CHF 296 million and earnings before taxes of CHF 126 million and ranked seventh in terms of global air freight forwarding volume. In the first quarter of 2021, Apex has continued to perform strongly with turnover of CHF 556 million, gross profit of CHF 109 million and earnings before tax of CHF 64 million.