Scan Global Logistics (SGL) has announced its latest acquisition of Swiss-based transportation and logistics firm, Belglobe. This marks SGL’s third acquisition this year, solidifying its position as a key player in the international logistics arena.
Immediate Access to Procurement Powerhouses
SGL’s acquisition of Belglobe comes with several advantages. Firstly, it provides SGL with immediate proximity to the central procurement and supply chain management operations of multinational companies. This proximity is crucial in streamlining logistics processes, reducing lead times, and enhancing overall operational efficiency.
Switzerland’s Strategic Location
Switzerland’s strategic location cannot be understated. It serves as a gateway to major European markets, including Germany, France, Italy, and Austria. This geographical advantage offers SGL a competitive edge in serving clients across these vital regions, facilitating smoother trade and distribution.
Lars Syberg’s Insight
Lars Syberg, CEO of EMEA excluding Nordics at SGL, shed light on the rationale behind this move. He stated, “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 centralized procurement in the country.” Syberg’s comments highlight the tremendous potential for growth and collaboration that this acquisition brings.
This strategic acquisition aligns with SGL’s commitment to providing innovative logistics solutions to its clients. By expanding its network into Switzerland, SGL is poised to offer even greater value to its customers by capitalizing on Belglobe’s expertise and leveraging Switzerland’s unique position in the heart of Europe.
