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Samskip snaps up Saltire Integrated Shipping
Page 13
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INTERNATIONAL container transport company Samskip has purchased Scottish freightforwarding firm Saltire Integrated Shipping.
Peter Work,joint shareholder at Saltire, says he and partner Sandy Valentine aresellingtheircotnpany so it can expand with the backing of a larger owner: "We needed a partner who could support us in all aspects of the business and. of course, in our development plans.
"In Samskip we've found an equally ambitious company with a desire to grow a logistics forwarding business, not just in Scotland but throughout its international network."
Work and Valentine willcontirtue to run Saltire from Glasgow with the existing team; they will report to Samskip's UK MD, Simon Dwyer, who describes the deal as a natural step: ''This acquisition will give our mutual client base access to the complete logistics product portfolio in Scotland and beyond."
Samskip employs 1,400 people and is one of Europe's largest container transport companies, providing multimodal container services and cargo logistics as far afield as Iceland and the Faroe Islands. It also offers international and refrigerated cargo logistics and forwarding.
The company has expanded over the past two years, acquiring Dutch multimodal transport firm Geest North Sea Line in 2005, as well as British operator Seawheel.