Scan Global Logistics to acquire ITN Logistics Group
Logistics provider Scan Global Logistics (SGL) has signed an agreement to acquire freight forwarder ITN Logistics Group in Canada.
The acquisition of ITN will strengthen SGL’s Canadian operations by bringing additional scale, locations and increased market share, according to a news release.
“Acquiring ITN is a strategic move that enhances our presence in Canada and North America. We have worked with ITN for many years, and the ITN organization’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 organization,” Allan Melgaard, global CEO of SGL said in the release.
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. Services include import and export within air and ocean freight, customs brokerage, inland transportation, transborder trucking and consolidation services, warehousing, project forwarding and distribution offerings.
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