Freight forwarder Logwin has invested a one third stake in New Zealand company Supply Chain International Ltd (SCI).
The deal was made in October. SCI was established at the beginning of 2017 as a subsidiary of the Auckland-based Supply Chain Solutions (NZ)(SCS).
The subsidiary is being managed by another stakeholder, Peter Furlong, who has 30 years experience in international air and sea freight.
Logwin says this investment gives it entry into another attractive market with the deal also reinforcing its regional position in the Oceania region.
In neighbouring Australia, whose economy is closely linked with New Zealand’s, the provider of logistics services has five branches and has been active there for more than 25 years.
SCS is one of the leading providers of contract logistics and distribution services in New Zealand, via the SCI subsidiary, customers will now also be linked to Logwin’s international network.
Logwin says it is continuing to expand its presence and with its global air and sea freight, which guarantees customers quick transport times and high-quality local services.