SOL buys majority stake in Scanlog to provide door-to-door service
PRESS RELEASE – Svenska Orient Linien (SOL) becomes the new majority owner in the Swedish logistics company Scandinavian Logistics Partners, better known as Scanlog. Until now, the shipping company has had a 20 percent holding in the company, but now it is expanding its ownership to just over 50 percent.
The motivating forces behind SOL’s decision to expand its stake in Scanlog were the companies’ common commitment to sustainability and that both companies place a focus on customers and their cargo, rather than the transport mode itself, the company states.
“We’re aware of the fact that a number of our customers want logistics suppliers who have the ability and the skills to deliver door-to-door logistics services,” says Michael Kjellberg, Chairman of the SOL Board. “We’ve not been selling that service because we focus on quay to quay, but now we’re looking forward to the opportunity of also assisting our customers with requests for multimodal transports via Scanlog.”
Vice versa, Scanlog is also looking forward to SOL contributing its expertise to the company’s development. With two board members from the logistics industry and a solid knowledge of maritime transports, it’s easy to see that the new majority owner has much to contribute, comments Scanlog.
“With SOL, we get a strong majority shareholder who can help us continue our rapid growth. SOL taking this step shows that they believe in us, and we see that as a mark of quality”, says Mathias Wideroth, Chairman of the Board and founder of Scanlog.
SOL has also made major investments in sustainable transportation earlier in the year through its 50% stake in the start-up shipping company Wallenius SOL. This new shipping company will transport cargo in the Baltic Sea region by 2021 with some of the world’s most modern ice-classed LNG-powered vessels. The new vessels will reduce greenhouse gas emissions by 60% and fuel consumption by 50% per transported unit.
SOL provides a range of shipping services including ro/ro liner services, transportation of project and general cargo, agency services, as well as commercial and technical management services.