Scan Global Logistics acquires 2 new companies in Europe

Meanwhile, Advection becomes the first SGL office in Hungary and provides a platform for growth in the region. It’s less than a week since SGL acquired Sea-Air Logistics, increasing its presence in China and Hong Kong before putting pen to paper and expanding its European footprint. The signings follow SGL’s ambitious growth and acquisition plan, which so far counts eight acquisitions, including one minority investment in 2022, the company said in a press release.

Planting its flag in Hungary follows SGL’s global expansion strategy. Being locally present allows SGL to grow closer ties with its existing customers operating from and within Hungary, offering improved services and uncomplicated supply chains. Furthermore, Advection’s well-established capabilities, competencies and network provide an excellent opportunity to develop further in the region.  

“Our companies’ cultural DNAs, customer-centric and entrepreneurial approach match SGL perfectly. Becoming one allows us to substantially benefit from our combined expertise and capabilities to offer improved and extended services to our customers. We look forward to developing our future business together,” Izabella Szocs, managing director, Advection, and François Verhaart, managing director, Gelders, said.

“With Advection, we share a highly commercial approach and one of deep industry knowledge. Therefore, we are delighted to add its strong competencies within pharma healthcare, automotive logistics and the technology sector to ensure our customers an even better range of services and improved support for their businesses. With these two acquisitions, we take another step toward strengthening our European organisation and foothold. We will continue to invest in our European infrastructure, employees, and systems to support our global customers and provide uncomplicated logistics wherever they operate” Lars Syberg, RCEO of EMEA, said.

Fibre2Fashion News Desk (GK)