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SGL acquires IC Logistics

Wednesday, 15 May 2019 ( #923 ) - Stockholm, Sweden
News Story
SGL E-Commerce A/S, a part of Scan Global Logistics Group, has acquired one of the leading Scandinavian fashion fulfillment operations - IC Logistics, the logistics activity arm of Danish IC Group A/S. The final closing date of the transaction is expected to be 30 June 2019.

Along with the acquisition of the high-performing 16,000 sqm fashion warehouse in Brondby on the outskirts of Copenhagen, SGL E-Commerce will also take over the responsibilities of the 47 staff working in this specialised warehouse function.

"IC Logistics is on the international forefront with their warehouse service and is the perfect supplement to our e-commerce and fulfillment solution," says Hans Elmegaard, CEO of SGL E-Commerce A/S. "The acquisition of IC Logistics is further propelling us forward and supporting our ambition of becoming Scandinavia's leading fashion logistics provider.

"The overall global online market as well as the global consumer behaviour are going through fast and major changes these years, heavily affecting the fashion industry. That is creating a very strong need in the fashion business for warehouse and logistics solutions that are effective, sustainable and supportive of the industry’s dynamic requirements. We want to be a bigger part of that and now we are," he adds.

"Scan Global Logistics Group as well as SGL E-Commerce see the acquisition of IC Logistics as a natural strategic step forward in the ongoing growth and development of SGL Group's focus in the e-commerce and fashion industry," says CEO Allan Melgaar. "IC Logistics is a perfect fit in our strategic ambitions."

Nordic retailers and e-commerce in Q1 2019 are growing by 25% and it is estimated that about 22% of the world population is buying online.

Scan Global Logistics and SGL E-Commerce A/S are tapping into that development with the new acquisitions as well as the launch earlier this year of the SGL e-commerce solution allowing brands and businesses full integration with all the top online marketplaces and web shops and offering the opportunity to expand to new markets without heavy logistics or warehouse investments.
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