SG Holdings Expands Global Reach with $900 Million Acquisition of Morrison Express Worldwide

SG Holdings, the Tokyo-based conglomerate known for its dominance in parcel delivery and logistics, is set to acquire Taiwanese semiconductor logistics company Morrison Express Worldwide. The acquisition, valued at $900 million, will transform Morrison Express into a wholly owned subsidiary by July. This strategic move underscores SG Holdings' ambition to expand its already extensive global footprint and further cement its position in the air transport of chips and electric machinery.

With operations in Asia, the U.S., and Europe, SG Holdings has a significant presence on the global stage. The company operates a robust network of 90 sites worldwide, which has contributed to generating approximately $1 billion in revenue in 2024. Specializing in parcel deliveries, which account for about 70% of its revenue, SG Holdings also boasts considerable expertise in the transportation of semiconductors and electric machinery.

As a freight forwarder, Morrison Express Worldwide plays a critical role in securing cargo space from airlines and shipping companies for consigners. This acquisition will strengthen SG Holdings' capabilities in the semiconductor logistics sector, a field that continues to grow in importance with the expanding demand for technology across various industries. The integration of Morrison Express is expected to bolster SG Holdings' logistics infrastructure and enhance its service offerings to clients worldwide.

SG Holdings owns Sagawa Express, a prominent Japanese transporter that contributes to the company's leading position in parcel delivery services. This acquisition aligns with SG Holdings' strategic focus on expanding its influence and operational capacity in key markets, particularly within Asia, where it already holds a significant presence.

By incorporating Morrison Express into its portfolio, SG Holdings aims to leverage the Taiwanese company's expertise and network to optimize its logistics operations further. This strategic acquisition is anticipated to enhance the efficiency and effectiveness of SG Holdings' global logistics services, thereby benefiting its diverse client base.