Logistics group Scan Global Logistics is moving to expand its international capabilities
Global logistics provider Scan Global Logistics (SGL) is increasing its presence in China and Hong Kong by acquiring Sea-Air Logistics (SAL).
The move means Sea-Air Logistics, which is based in Hong Kong, becomes part of the ever-growing SGL family.
The acquisition supports the company’s strategic growth plans to build further global scale and will strengthen its already comprehensive and decades-long operations in mainland China and Hong Kong.
Nine months ago, SGL acquired SAL’s longstanding partner in Horizon International Cargo (UK, USA, The Netherlands, Spain and Japan).
The addition of SAL to the SGL family connects the dots and creates additional important synergies which allow for further penetration in segments like Technology and Pharma & Healthcare.
“The acquisition of SAL is a natural fit for us and supports the continued development of our expanding organization in Asia and worldwide,” SGL CEO Allan Melgaard says.
“SAL’s strategically placed offices will strengthen our existing setup and bolster our service offerings to our existing common customer portfolios.”
SGL says combining the experience and capabilities of the two organizations will allow for further expansion in several segments such as Consumer Electronics, Technology, and Pharma & Healthcare, which are all sectors with significant growth potential.
Furthermore, an increased market share in Intra-Asia, Far-East Westbound and Trans-Pacific Eastbound trade lanes coupled with SAL’s vast experience in cross-border supply-chain services will enable SGL to provide extended and improved services to its customers worldwide.
Besides the notable commercial synergies, a strong cultural fit is an essential characteristic of SGL’s acquisition strategy.
“From the beginning, it was evident that our two companies share the same virtues and customer-centric approach,” SAL managing director Robert Rankin says.
“Joining SGL allows our employees to be part of SGL’s incredible journey. Our organization’s perfect cultural fit will help us create substantial results for our customers in the future and accelerate the organization towards achieving its ultimate goals”
The infrastructure will remain unchanged, and SGL says all 180 employees, including the entire senior management team, will play an essential role in the company’s continued journey.