Scan Global Logistics A/S has announced that it has acquired 100% ownership of the leading special solution provider for high-end automotive logistics – German-based, International Quality Service Group (IQS Group).
The acquisition provides Scan Global Logistics with an extended service platform within the automotive industry, now taking a leading role in Germany as well as internationally.
“Germany is probably the number one country in the world in terms of high-end car manufacturers – many of which are also IQS Group customers. Obviously, that market and know-how obtained via IQS Group is very attractive and enable us to create synergies in our existing market in China and the US,” said Allan Melgaard, Group CEO of Scan Global Logistics.
He continued: ”We believe that our automotive clients will experience major benefits from the expertise and insights pertaining to the high-end automotive market demands that we gain via IQS Group”.
IQS Group caters to the special requirements of high-end automotive logistics and partners with a number of well-known high-end brands and manufacturers and will continue to operate under its present brand name.
The new member of Scan Global Logistics currently operates five offices in Germany, the US and Dubai. The company was founded in 1998 and has built a strong reputation for themselves ever since. With the acquisition, Scan Global Logistics expands on its overall strong international presence that include the Nordics, Asia, Africa and the US.
The transaction is expected to be finalised by January 1, 2019.