Scan Global Logistics’ (SGL) acquisition spree continues with the company taking ownership of Italian freight forwarder Foppiani Shipping & Logistics.
The Italian freight forwarder, headquartered in Prato, employs more than 160 people across multiple locations in Italy as well as subsidiaries in Asia and the USA. Foppiani offers a range of services in air and ocean freight with regular routings to some of the key markets for SGL. Allan Melgaard, global ceo at SGL, added that Italy has been a priority for SGL for some time, with the country representing a “tremendous opportunity in several sectors”.
Foppiani generates yearly revenue of EUR 115 million (USD125 million). It has a small team that specialises in special cargo logistics, taking in flatrack, out of gauge, and heavy air cargo transport.
In April 2024, HLPFI reported that SGL would continue to grow its footprint. At that time SGL explained that its acquisition strategy had so far been based on accelerating its geographical presence. This will continue in some significant markets, but the forwarder said that it will pursue a targeted merger and acquisition (M&A) strategy, ensuring all key countries and markets required to service global customers are covered in terms of an SGL presence.
