Scan Global Logistics makes acquisition to increase Canadian footprint

Scan Global Logistics (SGL) has acquired ITN Logistics Group, a privately owned Canadian freight forwarder offering a full suite of global logistics solutions across transport modes.

SGL said the acquisition of ITN will strengthen its Canadian operations by bringing additional scale, locations and increased market share.

“Acquiring ITN is a strategic move that enhances our presence in Canada and North America,” Allan Melgaard, Global CEO of SGL, said in a release. “We have worked with ITN for many years, and the ITN organization’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 organization.”

ITN is headquartered in the Toronto area, with four locations in Canada, and employs more than 250 employees. Last year, the company generated an annual revenue of more than $170 million. Services include import and export within air and ocean freight, customs brokerage, inland transportation, transborder trucking and consolidation services, warehousing, project forwarding and distribution offerings.

“Our customers and employees have always been the foundation of our success,” said Monica Kennedy, major shareholder and president of ITN. “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.”

“By expanding our footprint in the North American region, we set the foundation for accelerating our growth in the region and we look forward to offering our customers ITN’s portfolio of services,” said Steen Christensen, regional CEO for North America at SGL.

The transaction is subject to anti-trust approval from the Canadian authorities, with closing expected during Q1 of 2025.