New Logwin stakeholding in New Zealand
In October, the internationally operating logistics company Logwin invested a one third stake in Supply Chain International Ltd (SCI). SCI was established at the beginning of 2017 as a subsidiary of the Auckland-based Supply Chain Solutions (NZ) Ltd (SCS). The subsidiary is being managed by another stakeholder, Peter Furlong, who has 30 years experience in international air and sea freight.
This investment by Logwin gives it entry into another attractive market with the deal also reinforcing its regional position in the Oceania region. In neighbouring Australia, whose economy is closely linked with New Zealand’s, the provider of logistics services has 5 branches and has been active there for more than 25 years.
SCS is one of the leading providers of contract logistics and distribution services in New Zealand. Via the SCI subsidiary, customers will now also be linked to Logwin’s international network. Logwin is therefore continuing to expand its presence and with its global air and sea freight.
Logwin AG (Grevenmacher, Luxembourg) provides efficient logistics and transport solutions for its customers from industry and trade. In 2016, the group generated a turnover of EUR 1.1bn and currently employs around 4,200 staff. Logwin operates in all main markets worldwide and has around 190 locations in 35 countries on 6 continents. With its two business segments Solutions and Air + Ocean, Logwin AG is one of the leaders in the market.