Scan Global Logistics (SGL) has expanded into the South Korean market through the acquisition of its partner ENK Logistics.
ENK Logistics was established in 2006 by Hoe Jick (Erick) Yang and Kwon Jik (Kevin) Yang and provides freight and warehouse solutions to a customer base across retail, industrial, chemical, food ingredients, and other industries.
SGL said that the addition of operations in South Korea was the latest milestone in its growth in the Pacific region, following its purchase of Pioneer International Logistics (Australia) in 2020 and Orbis Global Logistics (New Zealand) in 2021.
The forwarder also pointed out that as a G20 economy, South Korea holds a "pivotal and well-established position in the trade markets of Southeast Asia and beyond".
"This acquisition aligns with SGL's strategy to be present in the largest economies worldwide," SGL added.
Allan Melgaard, global chief executive of SGL, said: "We have been doing business in South Korea for many years already, but it will be different to operate under our own brand with new colleagues that we know are offering the same high standard service to customers, that we do ourselves."
ENK's Yang and Yang added: "By joining SGL, we can leverage tangible synergies from the strengths and capabilities of both companies.
"We are already well-positioned in a highly competitive and robust market in South Korea, and our collaborative efforts will enhance our local expertise and knowledge.
"This benefits our existing customers, who will now gain access to an extensive global network, expanded offerings, and significant business opportunities."
SGL has been growing rapidly over recent years.
In 2023, it has purchased FLS, Sand Road Freight in Denmark, ETS Transport & Logistics, ETS Fulfillment in Germany and Belglobe in Switzerland.
Following the acquisition of ENK, the company has a presence in 50 countries, up from 17 in 2016.
https://www.aircargonews.net/business/acquisitions/sgl-plans-to-continue-acquisition-spree-after-portugal-purchase/
