Scan Global Logistics (SGL) has completed its third acquisition this year by adding Switzerland-based transportation and logistics provider Belglobe to its growing global portfolio across 48 countries.
With the acquisition of Belglobe, SGL is expected to gain immediate proximity to multinational companies’ central procurement and supply chain management. Additionally, another advantage is Switzerland’s proximity to major European markets such as Germany, France, Italy, and Austria.
Lars Syberg, CEO of EMEA excluding Nordics at SGL, explains the strategic rationale and commercial potential behind this move, saying, “It was a natural step to enter the Swiss market due to its strategic importance and mix of domestic and multinational customers who have placed their centralised procurement in the country.”
