Scan Global Logistics (SGL) has finalized its acquisition of Blu Logistics Brasil Transportes Internacionais LTDA, marking a strategic expansion into the Latin American market. The acquisition, which was first announced in July, has received the green light from Brazilian Competition Authorities.
Founded in 2013 and based in São Paulo, Blu Logistics Brasil is a prominent freight forwarder with over 200 employees spread across eight offices. The company specializes in air and ocean freight services, including customs clearance, trucking, and cabotage. Last year, Blu Logistics Brasil reported revenues of BRL 570 million and demonstrated impressive growth rates of 27% and 47% in the past two years.
Allan Melgaard, Global CEO of Scan Global Logistics, expressed enthusiasm about the acquisition, stating, “Expanding our presence in Latin America has been a key priority, and the acquisition of Blu allows us to strengthen our foothold in Brazil. Blu’s operational platform will facilitate our entry into the Brazilian market and enhance our global reach, benefiting our customers with expanded service capabilities.”
Melgaard highlighted that Blu’s deep industry expertise and local market insights will bolster SGL’s network in Latin America, enabling the company to better serve both new and existing clients.
Gabriel Carvalho, CEO of Blu Logistics Brasil, noted the alignment in business philosophies between Blu and SGL, saying, “We have found a strong match with SGL’s customer-centric and solution-driven approach. This partnership will not only enhance the personalized service our clients are accustomed to but will also allow us to expand our market position in Brazil and develop new trade lanes, particularly with Europe and North America.”
This acquisition is part of SGL’s broader strategy to strengthen its presence in South America. The company already operates in Argentina, Colombia, Chile, Peru, and Mexico, and has recently been increasing its footprint through both market entries and acquisitions. Earlier this year, SGL opened its first offices in Saudi Arabia and completed the acquisition of Italian freight forwarder Foppiani Shipping & Logistics.
Jörn Schmersahl, SGL’s CEO for Latin America, emphasized the strategic significance of the region, stating, “Latin America offers substantial growth opportunities due to its strong trade links with North America, Asia, and Europe. By expanding our regional network and expertise, we are enhancing our ability to provide comprehensive transport solutions tailored to our customers’ needs.”
Looking ahead, SGL plans to continue its targeted M&A strategy, focusing on strengthening its presence in key markets to better serve its global customer base. The company remains committed to consolidating its position as a leading player in the logistics industry.
