SGL Group ApS, through its wholly-owned subsidiary Scan Global Logistics A/S, has announced the signing of an agreement to acquire 100% of the shares in Blu Logistics Brasil Transportes Internacionais LTDA.
In a press release confirming the deal, Scan Global Logistics describes Blu Logistics Brasil as “a leading Brazilian freight forwarder headquartered in Sao Paulo, specialising in air and ocean freight services with adjacent offerings including custom clearance, truckload and cabotage”.
In 2023, Blu Logistics Brasil generated yearly revenue of approximately BRL 570m.
Explaining its motivation for the move, Scan Global Logistics says the acquisition of Blu Logistics Brasil will provide SGL Group with an operational platform in Brazil which enables the group to establish its strategic presence in Brazil, and gives SGL Group a strategic platform to scale the business and expand its global presence to the benefit of customers.
In addition to this, Scan Global Logistics stresses that Blu Logistics Brasil will bring “additional human capital with comprehensive industry knowledge and niche experience; people with a perfect match to SGL Group’s DNA and culture”.
The transaction is subject to anti-trust approval from Brazilian authorities, and closing is expected during Q3 2024.
