Scan Global Logistics (SGL) has signed an agreement to acquire ITN Logistics Group in Canada.
“ITN Logistics Group is a leading privately owned Canadian freight forwarder offering a full suite of global logistics solutions across transport modes. The acquisition of ITN will strengthen SGL’s Canadian operations by bringing additional scale, locations and increased market share,” says an official release from Scan.
Allan Melgaard, Global CEO, Scan Global says: ‘Acquiring ITN is a strategic move that enhances our presence in Canada and North America. We have worked with ITN for many years, and the ITN organisation’s focus on the customer as well as their entrepreneurial spirit aligns very well with ours. It will be a delight to welcome all the skilled talent with deep industry expertise to our organisation.”
Monica Kennedy, President, ITN adds: “Our customers and employees have always been the foundation of our success. It was essential to find a partner that shares our values and vision – SGL is a perfect cultural and strategic fit, ensuring continued growth and care for our team and customers.”
ITN is headquartered in the Toronto area with four locations in Canada with more than 250 employees. Last year, the company generated revenue in excess of C$170 million. The transaction is subject to anti-trust approval from the Canadian authorities, and closing is expected during Q12025, the release added.
