CVC, a leading private equity and investment advisory firm, acquires majority shares in Scan Global Logistics, end-to-end logistics solution provider, to accelerate international growth.
SGL offers logistic services in 45 countries with revenues of more than $3bn. The company has seen an average annual growth in revenues of 33 % since 2017. It is driven by above-market organic growth, combined with more than 30 acquisitions during the same period.
Allan Melgaard, Global CEO and Co-Founder of SGL, expands on the growth strategy: “Our people are our most valuable asset. We want to become the industry’s preferred workplace, attracting the best talent with a defined ambition of becoming the most purpose-driven logistics company in the world. We are ambitious and believe that we can reach our revenue target of more than $5bn during the next few years by continuing to leverage our entrepreneurial culture, agile decision making, and high customer satisfaction obtained through tailored competitive logistics solutions.”
This Denmark based company holds leading positions in key verticals such as aid & relief, fashion & retail, automotive, technology, general manufacturing, food ingredients & additives, and pharma & healthcare.
Philip Ropcke, Director at CVC, says: “We have been truly impressed with SGL and look forward to working with Allan and his talented team to grow and develop SGL’s global market position further, both organically as well as through acquisitions. We feel privileged that management has chosen us as their partner for the journey that lies ahead.”