Global logistics provider Scan Global Logistics (SGL) has acquired Sea-Air Logistics (SAL) to increase its presence in China and Hong Kong.
The acquisition of the Hong Kong-headquartered air and ocean freight logistics provider is effective July 5.
In October 2021, Denmark-headquartered SGL acquired SAL’s longstanding partner, Horizon International Cargo (UK, US, the Netherlands, Spain and Japan). The addition of SAL to the SGL family creates additional important synergies which allow for further growth in segments like consumer electronics, technology, and pharma and healthcare, said SGL.
“The acquisition of SAL is a natural fit for us and supports the continued development of our expanding organisation in Asia and worldwide. SAL’s strategically placed offices will strengthen our existing setup and bolster our service offerings to our existing common customer portfolio,” said group chief executive Allan Melgaard.
Furthermore, an increased market share in Intra-Asia, Far- East Westbound and Trans-Pacific Eastbound trade lanes coupled with SAL’s experience in cross-border supply-chain services, will enable SGL to provide extended and improved services to its customers worldwide, said SGL.
SAL’s infrastructure will remain unchanged, and all 180 employees, including the entire senior management team, will be retained.
SGL’s organisation will grow to over 500 employees in China and Hong Kong.
Rickard Ingvarsson, chief executive Asia, added: “SAL also offers state-of-the-art inventory management and fulfilment solutions, and we are delighted to add all of these additional offerings to our existing product portfolio.”
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