The acquisition allows Scan Global Logistics to continue expanding into South Korea
Global freight forwarder Scan Global Logistics (SGL) has announced it is acquiring a long-term partner as it expands its global reach by entering into the South Korean market.
The company is pressing forward with its ambitious global growth strategy, acquiring ENK Logistics, who has been a trusted long-term partner since 2006.
With this latest move, SGL says it is now gaining a strong foothold in South Korea.
As a G20 economy, SGL says South Korea holds a pivotal and well-established position in the trade markets of Southeast Asia and beyond with a business-friendly and efficient regulatory environment.
The establishment of Scan Global Logistics South Korea marks another milestone in the growth of SGL´s Pacific region, following the acquisitions of Pioneer International Logistics (Australia) in 2020 and Orbis Global Logistics (New Zealand) in 2021.
SGL Pacific Region CEO Søren Madsen says this acquisition aligns with SGL’s strategy to be present in the largest economies worldwide.
“For 18 years, ENK has been a great partner, offering local solutions and high-quality services to SGL’s customers in South Korea,” Madsen says.
 |
“With their unwavering commitment, meticulous attention to detail, and well-established network, we are a perfect match, and it feels very natural to welcome ENK to our company.”
Now, SGL actively operates in 50 countries globally, representing substantial progress from its presence in 17 countries in 2016.
“We have been doing business in South Korea for many years already, but it will be different to operate under our own brand with new colleagues that we know are offering the same high standard service to customers, that we do ourselves. We are confident ENK represents a perfect fit with SGL DNA and our way of working,” SGL global CEO Allan Melgaard says.
ENK Logistics owners Hoe Jick (Erick) Yang and Kwon Jik (Kevin) Yang say that joining SGL will help the brand leverage synergies from both companies in the future.
“We are already well-positioned in a highly competitive and robust market in South Korea, and our collaborative efforts will enhance our local expertise and knowledge,” they say.
“This benefits our existing customers, who will now gain access to an extensive global network, expanded offerings, and significant business opportunities.”