News / Scandinavia's SSL expands its global footprint with purchase of CR Cargo

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Forwarder consolidation is continuing. Two deals have been announced this week that will see SMEs extend their reach.

Scandinavian Shipping & Logistics (SSL) has purchased Sweden’s CR Cargo International to bolster its business across eastern Europe, central Asia and the Middle East.

The deal is SSL’s second in as many years, following last year’s purchase of Unitrans and SSL owner Bjorn Eklund expects a further €50m in annual revenue as a result.

“The acquisitions are good investments, where the three companies form a ...