“We have been doing business in South Korea for many years already, but it will be different to operate under our own brand with new colleagues that we know are offering the same high standard service to customers, that we do ourselves,” said Global CEO of SGL, Allan Melgaard. “We are confident ENK represents a perfect fit with SGL DNA and our way of working.’
As a G20 economy, South Korea holds a pivotal position in the trade markets of Southeast Asia and beyond with a business-friendly and efficient regulatory environment.
‘By joining SGL, we can leverage tangible synergies from the strengths and capabilities of both companies,” said ENK Logistics owners Erick Yang and Kevin Yang. “We are already well-positioned in a highly competitive and robust market in South Korea, and our collaborative efforts will enhance our local expertise and knowledge. This benefits our existing customers, who will now gain access to an extensive global network, expanded offerings, and significant business opportunities.’
SGL, now actively operates in 50 countries globally compared to 17 countries in 2016. This latest acquisition, the company says, aligns with SGL’s strategy to be present in the largest economies worldwide and marks another milestone in its Pacific region growth following the purchase of Pioneer International Logistics (Australia) in 2020 and Orbis Global Logistics (New Zealand) in 2021.
In other news, heavy vehicle air suspension manufacturer, Hendrickson, has acquired Brunner International and Brunner Manufacturing and Sales.