Samskip acquires Saltire Integrated Shipping Limited
Samskip Limited has acquired Glasgow-based Saltire Integrated Shipping Limited. Sandy Valentine and Peter Work, the two shareholders of Saltire, a freight forwarding and NVOCC operator formed in 2004, have sold their business to Samskip Limited for an undisclosed amount.
Peter Work explained the background to the deal: “‘Saltire has experienced rapid growth since Sandy Valentine and I started the business in 2004. All aspects of our freight forwarding and NVOCC business have developed beyond our expectations. “In order to continue the growth, necessary diversification and investment, we needed a partner who could support us in all aspects of the business and, of course, our development plans. In Samskip we have found an equally ambitious company with a desire to grow a logistics forwarding business not just in Scotland but throughout its international network. Sandy and I will continue to run Saltire from Glasgow with the existing team, reporting to Samskip Limited’s UK Managing Director, Simon Dwyer. We are looking forward to meeting our new Samskip colleagues around Europe and exploring the many synergies that undoubtedly exist.” Samskip is no stranger to the Scottish logistics market having had a commercial presence for its Reefer Logistics and Iceland Line products since 2004 when Ciaron Reynolds was appointed Sales Manager for the region. Also, through the acquisition of multimodal operator Seawheel in 2005, Samskip entered into the European and Scandinavian door to door movement of cargoes utilising its own vessels calling at Grangemouth.
Simon Dwyer added: “In just over two years, Samskip has become an established logistics operator in the Scottish market with our Reefer Logistics product and a multimodal network that extends across Europe, Scandinavia and the Baltics. It is a natural step for us to complement this development with a Forwarding Logistics product. “Saltire, its owners and employees, are like-minded with an impressive growth record in such a short time. This acquisition will give our mutual client base access to the complete logistics product portfolio in Scotland and beyond.”
Samskip is an international company offering transport and related services by land, sea and air. Since being founded in Iceland in 1990, Samskip has experienced steady growth - both internal and through strategic acquisitions - opening offices worldwide and broadening its service portfolio.
In 2005, Samskip acquired the Dutch multimodal transport company Geest North Sea Line, the British shortsea operator Seawheel and reefer centres from the Dutch company Kloosterboer. Previously, Samskip had acquired Van Dieren Maritime and a 40% share in Silver Sea.
Samskip is one of the largest container transport companies in Europe, offering multimodal container logistics and extensive container services throughout Europe, including Iceland and the Faroe Islands, along with refrigerated cargo logistics and international forwarding around the world.
Globally, Samskip employs about 1,400 people working in more than 20 countries.
Peter Work explained the background to the deal: “‘Saltire has experienced rapid growth since Sandy Valentine and I started the business in 2004. All aspects of our freight forwarding and NVOCC business have developed beyond our expectations. “In order to continue the growth, necessary diversification and investment, we needed a partner who could support us in all aspects of the business and, of course, our development plans. In Samskip we have found an equally ambitious company with a desire to grow a logistics forwarding business not just in Scotland but throughout its international network. Sandy and I will continue to run Saltire from Glasgow with the existing team, reporting to Samskip Limited’s UK Managing Director, Simon Dwyer. We are looking forward to meeting our new Samskip colleagues around Europe and exploring the many synergies that undoubtedly exist.” Samskip is no stranger to the Scottish logistics market having had a commercial presence for its Reefer Logistics and Iceland Line products since 2004 when Ciaron Reynolds was appointed Sales Manager for the region. Also, through the acquisition of multimodal operator Seawheel in 2005, Samskip entered into the European and Scandinavian door to door movement of cargoes utilising its own vessels calling at Grangemouth.
Simon Dwyer added: “In just over two years, Samskip has become an established logistics operator in the Scottish market with our Reefer Logistics product and a multimodal network that extends across Europe, Scandinavia and the Baltics. It is a natural step for us to complement this development with a Forwarding Logistics product. “Saltire, its owners and employees, are like-minded with an impressive growth record in such a short time. This acquisition will give our mutual client base access to the complete logistics product portfolio in Scotland and beyond.”
Samskip is an international company offering transport and related services by land, sea and air. Since being founded in Iceland in 1990, Samskip has experienced steady growth - both internal and through strategic acquisitions - opening offices worldwide and broadening its service portfolio.
In 2005, Samskip acquired the Dutch multimodal transport company Geest North Sea Line, the British shortsea operator Seawheel and reefer centres from the Dutch company Kloosterboer. Previously, Samskip had acquired Van Dieren Maritime and a 40% share in Silver Sea.
Samskip is one of the largest container transport companies in Europe, offering multimodal container logistics and extensive container services throughout Europe, including Iceland and the Faroe Islands, along with refrigerated cargo logistics and international forwarding around the world.
Globally, Samskip employs about 1,400 people working in more than 20 countries.
