Copenhagen-based logistics provider Scan Global Logistics (SGL) has taken another step in building on its 10-year-strong presence in China and Hong Kong with the acquisition of Sea-Air Logistics (SAL), headquartered in Hong Kong.
The takeover will take effect on 5 July 2022, and Scan Global said the merger will allow for further penetration in segments like consumer electronics, technology, pharma and healthcare.
SGL noted that the acquisition will increase its market share on the Intra-Asia, Far- East Westbound and Trans-Pacific Eastbound trade lanes, growing to over 500 employees in China and Hong Kong.
The forwarder will gain all 180 employees from SAL, including the entire senior management team, with the infrastructure intact. SGL will cater for the build-up and break-down of own controlled air freight pallets and offer in-house X-ray screening capabilities at the Hong Kong Logistics Park.
“The ability to offer comprehensive air freight services under one roof will provide our customers a smooth and rapid service, as well as the opportunity to accommodate for late delivered cargo using our in-house trucking operation,” the company noted.
SGL has been busy building its network with acquisitions and investments. Nine months ago, it bought out one of SAL’s long-standing partners, Horizon International Cargo, taking over its operations in the UK, US, The Netherlands, Spain and Japan.