SG Holdings, a leading Japanese logistics company, announced its acquisition of Morrison Express, a global freight forwarding and logistics service provider renowned for its expertise in semiconductor and high-tech logistics. This strategic acquisition will enhance the capabilities of the SG Holdings Group, significantly expanding on its Asian market presence and strengthening its position as a global leader in specialized logistics services. The acquisition brings together Morrison Express's strong competitiveness in the technology sector, particularly in semiconductors and high-tech products, with the SG Holdings’ extensive logistics network and innovative supply chain solutions. Particularly in relation to the freight forwarding business, Morrison Express’ strength in air freight and high-tech verticals will be complementary with the ocean freight forwarding and commercial verticals (apparel and daily sundries) in which EFL Global, the Group’s core freight forwarding company, has its strengths. This complementary partnership, characterized by minimal overlap, creates a powerful synergy that will deliver enhanced value to customers across the globe. The acquisition will significantly enhance global network coverage, allowing the SG Holdings Group to provide better logistics solutions across different regions. said Bokuto Yamauchi, the head of Global Strategy Department - SG Holdings and Chairman and CEO of the Expolanka Group. Morrison Express' established relationships within the technology sector and strong Asian market presence, combined with their expertise in semiconductor logistics, perfectly complements our existing capabilities and forward-thinking approach to supply chain management. The merger delivers immediate value to customers through enhanced operational efficiencies, powered by access to new resources, cutting-edge technology, and expanded infrastructure - all working in concert to provide faster, more reliable service. With an expanded geographic reach, the combined entity offers closer proximity to customers, ensuring more responsive support and service delivery. Customers will benefit from comprehensive end-to-end supply chain solutions spanning air, ocean, rail, and road freight, complemented by tailored solutions that leverage Morrison's strong supplier and partner relationships in the technology sector. This strategic merger reinforces the combined organization's dedication to delivering high standards and innovative solutions across all service offerings. Through shared expertise and resources, the integration positions the company to stay ahead of evolving industry trends and exceed customer expectations in an increasingly dynamic global market.