Acquisition of Foppiani Shipping & Logistics

Today, SGL Group ApS has through its wholly-owned subsidiary Scan Global Logistics A/S signed an agreement to acquire 100% of the shares in Foppiani Shipping & Logistics.

Foppiani Shipping & Logistics is a leading Italian freight forwarder headquartered in Prato, specialising in air and ocean freight services for fashion, furniture, high-end Italian products and automotive sectors. Foppiani Shipping & Logistics generates yearly revenue of EUR 115m.

The acquisition of Foppiani Shipping & Logistics provides SGL Group with an operational platform in Italy which enables SGL Group to establish its strategic presence in Italy, and gives SGL Group a strategic platform to scale the business and expand its global presence to the benefit of customers. Most importantly, Foppiani Shipping & Logistics will bring additional human capital with comprehensive industry knowledge and niche experience; people with a perfect match to SGL Group’s DNA and culture.

The transaction is subject to anti-trust approval from Italian authorities, and closing is expected during Q2 2024.

The acquisition of Foppiani Shipping & Logistics is financed through the issue of new senior secured fixed-rate bonds.

For further information, please contact:

Simon Kusk, Head of Group Finance or Martin Gregersen, Head of Group Treasury

investor@scangl.com | (+45) 32 48 00 00

This information is information that SGL Group ApS is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication by the above-mentioned persons at 12:30 CET on 24 April 2024.

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