Scan Global Logistics completes the acquisition of Foppiani Shipping & Logistics establishing presence in Italy
Scan Global Logistics’ (SGL) growth journey continues with the acquisition of Foppiani Shipping & Logistics, an Italian freight forwarder with a head office in Prato. With the acquisition, SGL brings ‘Uncomplicate Your World’ to the eighth-largest economy in the world and the third-largest economy in the European Union for the first time. Foppiani, founded in 2007, is an independent freight forwarder focusing on customers in fashion and retail, automotive and a variety of other sectors.
After the approval of Italian Competition Authorities, Scan Global Logistics has completed the acquisition of Foppiani Shipping & Logistics in Italy. Foppiani, headquartered in Prato, employing more than 160 people, generates yearly revenue of EUR 115m and have multiple locations in Italy as well as subsidiaries in Asia and USA. Foppiani offers diverse services in air and ocean freight with regular routings to some of the key markets for SGL.
Allan Melgaard, Global CEO SGL, says: ‘Italy has been a priority for SGL for some time, and we are thrilled to welcome Foppiani to the family. It was evident from the first meeting that there was a ‘meeting of the minds’ when it comes to entrepreneurship, customer focus and focus on employees. Italy represents tremendous opportunity in several sectors, and we firmly believe that Foppiani is the right platform to further grow our business, both with existing and new customers.’
Enrico Rossi & Paolo Cavicchi, the owners of Foppiani, explains on their behalf:
“Our customers and employees are the main reason for our success, and with SGL we have found a company that shares our approach to business and life. And with SGL’s global presence and services, we can further expand our reach to service our customers in even better.”
