Cargo Breaking News
SG Holdings announced its acquisition of Morrison Express, renowned for its expertise in semiconductor and high-tech logistics. This strategic acquisition will enhance the capabilities of the SG Holdings Group, significantly expanding on its Asian market presence and strengthening its position as a global leader in specialised logistics services. The acquisition brings together Morrison Express’s strong competitiveness in the technology sector, particularly in semiconductors and high-tech products, with the SG Holdings’ extensive logistics network and innovative supply chain solutions. Particularly in relation to the freight forwarding business, Morrison Express’ strength in air freight and high-tech verticals will be complementary with the ocean freight forwarding and commercial verticals (apparel and daily sundries) in which EFL Global, the Group’s core freight forwarding company, has its strengths. This complementary partnership, characterized by minimal overlap, creates a powerful synergy that will deliver enhanced value to customers across the globe. “The acquisition will significantly enhance global network coverage, allowing the SG Holdings Group to provide better logistics solutions across different regions.” said Bokuto Yamauchi, the head of Global Strategy Department – SG Holdings and Chairman and CEO of the Expolanka Group. “Morrison Express’ established relationships within the technology sector and strong Asian market presence, combined with their expertise in semiconductor logistics, perfectly complements our existing capabilities and forward-thinking approach to supply chain management.”
