Scan Global Logistics Group Buys Werner Global Logistics
January 28, 2021
Enterprises has sold its Werner Global Logistics (“WGL”) freight forwarding
services for international ocean and air shipments to Scan Global Logistics
Group (“SGL”). Werner Logistics will continue to provide North American truck
brokerage, freight management, intermodal and final mile services. Werner also
entered into an agreement with SGL to offer comprehensive international
logistics solutions to its existing and future North American customers. WGL
provides services to customers with international freight forwarding operations
primarily in the United States, China and Mexico.
Through the agreement with SGL, WGL customers will benefit from SGL’s expansive
network of over 115 locations across the globe, their modern transportation
management technology, global multi-channel service offerings and SGL’s ability
to provide local and international solutions in new trade lanes across the Asian
Pacific, European, Middle-Eastern and Latin American markets. The strategic
selection of SGL was based on their close alignment with Werner’s
customer-centric business practices, associate-focused business approach and
global logistics expertise. SGL has logistics and freight forwarding operations
in over 30 countries and has over 40 offices in North America.
“After working with the SGL team and understanding their core values and
capabilities, I am excited for WGL’s international customers, associates and
transportation partners worldwide,” said Werner’s Vice Chairman, President and
Chief Executive Officer Derek Leathers. “We are proud of the global operation
WGL has built and are confident it will continue to succeed as part of the SGL
family. Going forward, we remain committed to our North American logistics
capabilities in truck brokerage, freight management, intermodal and final mile
services.” Werner will continue to focus its resources, talent and technology by
providing superior truckload and logistics services in North America.
“Innovative solutions in logistics has been our focus for over three decades,”
said SGL’s North American Chief Operating Officer - International Julien Ranzato.
“Werner’s established culture, leadership, network and core values are a great
fit for us, and we look forward to continuing and expanding our relationship
with Werner on international and domestic business opportunities that will
result from this strategic partnership.”
WGL’s freight forwarding services for international ocean and air shipments
generated $53 million of revenues in fiscal year 2020. The WGL sale is expected
to result in a gain of one cent per diluted share and close on February 26,
2021. Terms of the agreement were not disclosed. BG Strategic Advisors acted as
exclusive financial advisor to Werner.
was founded in 1956 and is a premier transportation and logistics company, with
coverage throughout North America. Werner maintains its corporate headquarters
in Omaha, Nebraska and maintains offices in the United States, Canada and
Mexico. Werner is among the five largest truckload carriers in the United
States, with a diversified portfolio of transportation services that includes
dedicated; medium-to-long-haul, regional and expedited van; and
temperature-controlled. The Werner Logistics portfolio includes North American
truck brokerage, freight management, intermodal and final mile services.
SGL has been in the international freight forwarding business since 1975 and is
headquartered in Denmark, with North American headquarters in Seattle, WA, USA.
SGL’s business activities focus on international freight-forwarding services
worldwide primarily by air and sea, with supporting IT, logistics, warehousing
and road services. The SGL Group maintains offices in 30 countries on 6
continents. SGL’s main focus is to create solutions to complex logistics