Scan Global Logistics (SGL) has acquired UK-headquartered Horizon International Cargo.
The acquisition, which came into effect on October 1, marks SGL’s expansion into the UK.
SGL said that the acquisition will allow it to pursue new business opportunities and offer notable commercial synergies to its customers worldwide through an improved position in key trade lanes.
The acquisition forms a key part of SGL’s plan to expand the European part of its organisation. Horizon also fills a significant gap in its strategy to expand its global footprint.
Ragnar Dalen, executive vice president Corporate Development at SGL, explained: “The new locations are important pillars in our strategic growth plans, not only in the UK but also in the rest of the world. Horizon’s offices in Japan, the Netherlands, Spain, and the USA will further strengthen our existing setups and help us reach our goals in these countries.”
The takeover closely follows SGL’s acquisition of New Zealand-based freight forwarder Orbis Global Logistics, which HLPFI reported here.