Scan Global Logistics (SGL) is strengthening its Canadian operation.
The company has acquired ITN Logistics Group, which it expects will enhance its service offerings and footprint in Canada by bringing additional scale, locations and increased market share.
ITN is a privately owned Canadian freight forwarder, offering global logistics solutions across transport modes.
“Acquiring ITN is a strategic move that enhances our presence in Canada and North America,” said Scan’s Global CEO, Allan Melgaard. “We have worked with ITN for many years, and the ITN organisation’s focus on the customer, as well as their entrepreneurial spirit, aligns very well with ours. It will be a delight to welcome all the skilled talent with deep industry expertise to our organisation.”
ITN is headquartered in the Toronto area, with four locations in Canada, and employs more than 250 employees. Last year, the company generated an annual revenue in excess of $170 million (CAD). Services include import and export within air and ocean freight, customs brokerage, inland transportation, trans-border trucking and consolidation services, warehousing, project forwarding and distribution offerings.
“Our customers and employees have always been the foundation of our success,” said ITN Major Shareholder and President, Monica Kennedy. “It was essential to find a partner that shares our values and vision – SGL is a perfect cultural and strategic fit, ensuring continued growth and care for our team and customers.”
The Canadian freight forwarding market, estimated to be worth $20.9 billion (USD), is fragmented and dominated by large global players. Road freight accounts for the largest portion, the US being Canada’s number one trading partner.
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