SGL sets foot in Brazil with Blu Logistics acquisition
Danish freight forwarding company, Scan Global Logistics (SGL), continues expanding on Latin American soil with the acquisition of Blu Logistics Brasil (Blu). SGL sees the largest South American country and the eighth-largest economy in the world as a market with great potential. Blu Logistics itself has seen a growth of 27 per cent and 47 per cent over the last two years, respectively. The acquisition was sealed with the approval from Brazilian Competition Authorities.
Allan Melgaard, Global CEO of SGL, said, “Growing our presence in Latin America has been a priority for us for a while, and we are excited to add Brazil to our growing footprint through the acquisition of Blu. The companyā€™s operational platform will help pave the way for SGL to establish a strategic presence in Brazil and expand our global reach, benefiting our valued customers. Importantly, Blu brings comprehensive industry expertise and local insights and provides us with a strengthened network in Latin America. We are very confident that bringing Blu onboard will support scaling our business and strengthening our offerings to new and existing customers.”
SGL has secured a robust operational platform with the acquisition of Blu, allowing it to expand its regional footprint.
“In SGL, we have found a match in our customer-centric and solution-driven approach, which will benefit our customers extensively. We will continue to provide the personalised service customers are used to but simultaneously increase our focus on expanding our market position in Brazil and growing additional trade lanes, particularly from Europe and North America,” Gabriel Carvalho, CEO of Blu Logistics Brasil, added.
Rapid expansion
SGL has significantly expanded its presence in Latin America in recent years through a combination of new market entries, expansions, and acquisitions. The company now operates in Argentina, Colombia, Chile, Peru, and Mexico.
The addition of Brazil further strengthens SGL’s position in one of the world’s most dynamic and promising regions, offering significant economic and developmental potential. Brazil’s unique geographical location provides excellent connectivity to the Americas, Asia-Pacific, and Europe.
Jƶrn Schmersahl, CEO for Latin America, said, “We are investing in building a strong Latin America region and presence. Besides a significant Intra-Latam trade, the region provides great opportunities for growth with North America due to existing free trade agreements, but also has strong and growing links with Asia and Europe. By expanding our regional network and expertise we offer improved opportunities to our customers with comprehensive transport solutions that fit their needs ā€“ within the region and beyond.”
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