“Scan Global Logistics Expands to Brazil with Blu Logistics Acquisition”
Scan Global Logistics (SGL) has finalized the acquisition of Blu Logistics Brasil Transportes Internacionais LTDA, a freight forwarder, to enhance its operations in Latin America. The Danish forwarder had announced its agreement to purchase Blu last year, a company that generated revenues of B$570m. The acquisition has been approved by Brazilian Competition Authorities.
Blu Logistics, founded in 2013 and based in São Paulo, employs over 200 individuals across eight offices, offering services such as air and ocean freight, customs clearance, trucking, and cabotage. Scan Global highlighted Blu Logistics’ impressive growth rates of 27% and 47% in the past two years.
CEO Allan Melgaard expressed excitement about expanding their presence in Latin America through the acquisition of Blu, citing the company’s operational platform as a valuable asset for establishing a strategic hold in Brazil and broadening their global reach. Blu’s industry expertise, local insights, and network in Latin America were seen as significant advantages for scaling the business and enhancing customer offerings.
Gabriel Carvalho, CEO of Blu Logistics Brasil, emphasized the alignment in customer-centric approaches between the two companies and the opportunities for further market expansion and trade lane growth, particularly from Europe and North America. SGL has been actively expanding in South America, including operations in Argentina, Colombia, Chile, Peru, and Mexico.
Jörn Schmersahl, SGL’s Latin America CEO, discussed the company’s investments in building a strong regional presence, tapping into trade opportunities with North America, Asia, and Europe. SGL’s expansion strategy includes acquisitions, new office openings, and a focus on key existing markets to cater to global customers effectively.
This acquisition is part of SGL’s ongoing efforts to consolidate the industry and solidify its position as a leading global logistics provider, with a focus on strategic growth in key markets. SGL anticipates further opportunities for expansion and consolidation, positioning itself as the preferred acquirer in the industry.
