Acquisition of Grupo Contenosa

Today, SGL TransGroup International A/S has, through its wholly-owned subsidiary, Scan Global Logistics A/S, signed the acquisition of Grupo Contenosa, a Spanish family-owned freight forwarding company.

With the acquisition, SGL Group will become a significant player in the Spanish third-party logistics market. It will enable us to grow our network and presence in Spain and Mexico even more to our customers' benefit. We will gain access to new profitable niche markets and increase our presence in current SGL offerings. Most importantly, it will bring additional human capital to a core SGL-country.

With seven offices in Spain and Mexico, Grupo Contenosa generates yearly revenue above EUR 50 million.

The acquisition of Grupo Contenosa is financed through the issue of new senior secured fixed-rate bonds.
 

For further information, please contact:  Claes Brønsgaard Pedersen, Global CFO, ir@scangl.com | (+45) 32 48 00 00

SGL TransGroup International A/S discloses the interim report's information pursuant to the EU Market Abuse Regulation (596/2014/EU) and the Swedish Securities Market Act. The announcement was submitted for publication by the person mentioned above at 12.45 (CET) on 9 April 2021.

Tags: