[SG Holdings, SG Holdings Global] SG Holdings Acquires Ameroid, a Singapore-based Logistics Company, to Boost the Logistics Business in Singapore (5/7/2013)
SG Holdings Co., Ltd. - head office location: Minami-ku, Kyoto; Chairman and President: Eiichi Kuriwada (hereafter, "SG Holdings") - is pleased to announce that it has entered into a share purchase agreement for the acquisition of Ameroid Logistics (S) Pte Ltd. ("Ameroid"), a logistics company in Singapore, in the aim of expanding and strengthening the global network of the SG Holdings Group (the "Group").
Meanwhile, SG Holdings has assigned SG HOLDINGS GLOBAL PTE. LTD. in Singapore to take on the role of supervising overseas business, and has begun taking full-scale initiatives toward expanding the Group's overseas operations. We believe that the acquisition of Ameroid can serve as a foothold in driving expansion and beginning the reinforcement of the logistics business in Singapore, where the headquarters of our overseas business is located.
With a port that is capable of accommodating large cargo carriers, Singapore is one of the crucial transshipment hubs for cargo transport between ASEAN countries and the rest of the world. Judging that, as one of the leading companies in Singapore's trucking and warehousing sector primarily engaged in transport and warehousing operations, Ameroid's capabilities would optimally contribute to reinforcing our business, we decided to proceed with the acquisition.
This acquisition will allow us to secure and expand our land transportation function as well as reinforce our warehousing and CFS capabilities (*). In addition, we will promote mutual collaboration and enhancement with SAGAWA EXPRESS SINGAPORE's marine and air cargo business to gain more cargo transactions to and from Japan and the ASEAN region.
SG Holdings is working to achieve the objectives set forth under the Third Stage Plan, its mid-term management plan which was rolled out in FY2013, by focusing on reinforcing its overseas activities and setting the target of expanding the size of the overseas business fivefold. As the Group exerts concerted efforts in the aim of expanding its global freight forwarding business, we will actively execute M&As to further develop our networks and ensure the scale of quantity going forward.
* Container freight station. Loading and unloading of LCL cargo.
Profile of Ameroid
|Corporate name||:||AMEROID LOGISTICS (S) PTE LTD.|
|Paid-in capital||:||SGD 1 million (equivalent to approximately JPY 79 million)|
|Head office||:||15 Pioneer Walk #02-01 Ameroid Pioneer Hub Building, Singapore 627753|
|Representative||:||Mr. Steven Tan, Managing Director and CEO|
|Number of employees||:||220 (as of April 30, 2013)|
|Operation sites||:||Three warehouses (roughly 31,385m2) near Jurong Port in the western part of Singapore.|
|Business description||:||Warehousing, drayage, land transport|
Profile of overseas business headquarters
|Corporate name||:||SG HOLDINGS GLOBAL PTE. LTD.|
|Paid-in capital||:||USD 60.50 million (equivalent to approximately JPY 6,050 million)|
|Representative||:||Naosuke Kawasaki, Managing Director|
|Number of employees||:||15 (including executive officers)|
|Shareholder||:||SG Holdings Co., Ltd. (100% owned)|