Scan Global Takes 100 percent Ownership of German-based IQS Group
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Scan Global Takes 100 percent Ownership of German-based IQS Group

By SiliconIndia   |   Tuesday, 20 November 2018, 08:24 Hrs
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The global & leading logistics organization in the Nordic market, Scan Global Logistics (SGL) takes 100 percent ownership of German-based IQS Group (International quality service), a high-end automotive logistic solution provider. Founded in 1998 and developed as a flexible organization for over 30 years that is geared towards providing personal advice and tailor made logistic solutions, Scan Global takes this acquisition to enjoy an extended platform within the automotive industry, at German market as well as internationally. The company believes that this strategic move as an insight of high-end automotive market demands and as a major benefit to their automotive clients. On top of all this, SGL and IQS Group have similar values when it comes to customer care, the quality in our services as well as an entrepreneurial approach



On this occasion, Allan Melgaard, Group CEO, Scan Global Logistics states, “This acquisition is a natural strategic step forward in the ongoing growth and development of Scan Global Logistics internationally. IQS Group is a perfect fit in our strategy and enables us to take a position as one of the leading companies in the automotive industry. 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”



Currently, this new member of SGL has operations in five offices across Germany, the U.S. and Dubai. Built a strong reputation over years, this acquisition will expand SGL on its overall strong international presence with inclusion of Nordic, Asia, Africa and the U.S.



IQS cater special requirements of high-end automotive logistics and partners with number of well-known high-end brands & manufacturers and will be continuing further to operate under its present brand name.. The transaction will be finalized by 1st of January 2019.



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