Scan Global Logistics to acquire US forwarder OIA Global

· Logistics · Denmark · United States

Denmark's Scan Global Logistics agreed to acquire Portland-based forwarder OIA Global in what the company called its largest-ever investment and takeover. The deal, which had been rumored in the market beforehand, is expected to propel Scan Global into the ranks of the world's 20 largest freight forwarders. Integrating OIA into the Scan Global network will widen the Danish group's footprint in North America and Asia and let the combined company offer more services, including contract and project logistics and customs brokerage. Terms were not disclosed in the items. The acquisition extends a run of mid-sized forwarder consolidation as scale becomes a competitive requirement in global freight management.

Why it matters:Forwarder consolidation of this kind reshapes competition for multinational shippers choosing logistics partners, and pushes the combined group into the global top tier.

Key points

  • Scan Global called the deal its largest-ever investment and takeover.
  • The combination is expected to put the group among the world's 20 largest forwarders.
  • OIA adds contract, project logistics and customs brokerage capability in North America and Asia.

Sources (original reporting)

More stories from this day