On the 24th, SBS Holdings announced that it would acquire common stock in Blackbird Logistics.

As a result, SBS Holdings will establish SBS Europe as an intermediate holding company, and it is scheduled for SBS Europe to complete the acquisition of the target stocks by April 1, 2025.

Blackbird Logistics is the holding company of a 3PL conglomerate based in the Netherlands. It holds all shares in core companies including Zwalu Logistics (hereinafter, Zwalu), Zwalu Shipping, Zwalu Warehousing, Mars Fract Customs, and Transmission Horn.

Focusing on the logistics operation business of the Zwalu group, there are plans to expand the 3PL business of the SBS group in the European Region and strengthen the group's overall overseas operations by integrating existing businesses and customer networks in China and Asia.

As with the companies that have joined the SBS group so far, after the shareholding acquisition, the management of the Zwalu group will remain in position to ensure continuity of business operations while promoting integration within the group.