Scan Global Logistics expands in UK with Horizon agreement
Nigel Davies (L) of Horizon and Allan Melgaard of SGL. Source SGL
The growing Scan Global Logistics (SGL) has added a presence in the UK with the acquisition of Horizon International Cargo.
SGL said having a presence in Europe’s second largest market is a “strategic move essential to the long-term strategy of the company and the continued development and expansion of the European part of the organization. “.
The freight forwarder added that the acquisition will allow it to pursue new business opportunities and have an improved position in key trade routes.
Horizon employs 150 people in five countries.
Ragnar Dalen, Executive Vice President of Corporate Development, said: “The new locations are important pillars of our strategic growth plans, not only in the UK but also around the world.
“Horizon’s offices in Japan, the Netherlands, Spain and the United States will further strengthen our existing facilities and help us achieve our goals in these countries.
“In addition, we are delighted to help our clients simplify the increased complexities in the aftermath of Brexit with the extensive experience of Horizon’s import and export customs services. “
The deal comes just weeks after SGL announced the takeover of New Zealand freight forwarder Orbis Global Logistics because it aims for a position as one of the top 15 air freight forwarders in the world.
In August, SGL Global Chief Operating Officer for sea and air freight Mads Drejer said the company intends to become one of the top 15 air freight forwarders in the world. over the next five years.
Drejer said SGL is currently in the top 40 air freight forwarders with volumes of around 100,000 tonnes per year.
True to this ambition, SGL has acquired around ten companies over the past five years.
SGL’s most recent acquisition was three months ago when it acquired Grupo Contenosa, a Spanish family-owned logistics service provider with a presence in the Mexican market.
The forwarder also entered new markets in Poland, the Czech Republic, Mexico, Peru and Myanmar.
SGL also opened its first office in France in April, although it already had significant activity in the country through agents.
In January, SGL signed a definitive agreement to acquire the aviation and maritime activities of the American logistics company Werner Enterprises.
Other investments this year include Chicago-based Expedited Solutions, Atlanta-based Trans ATL, and Boston-based Precision Worldwide Logistics.