SK Energy acquires logistics platform Goodsflow

COMPANY / Reporter Paul Lee / 2023-07-21 03:02:37
 

 

[Alpha Biz=(Chicago) Reporter Paul Lee] SK Energy will acquire the entire stake in Goodsflow, a logistics platform service provider. With this acquisition, SK Energy's urban logistics center business is expected to begin in earnest.

According to the investment bank (IB) industry on the 20th, SK Energy recently signed a stock trading contract to acquire 44% of shares held by Chung Tae-jin, the largest shareholder of Goodsflow. The price of the stake is known to be between 25 billion won and 30 billion won. It also plans to take over the remaining 15% held by Hanyu Energy Co. and Samhwa Oil Co.

SK Energy became the second largest shareholder with a 41% stake by merging its shared delivery platform, Zumma, with Goodsflow in 2020. The management of the joint venture was in charge of the existing merchandise. After confirming the growth of Goodsflow, we decided to take over.

Goodsflow is a company that provides information technology (IT) services such as delivery information solution, full fillment, and last mile delivery.

The reason why SK Energy decided to take over the entire stake in Goodsflow is to greatly grow the urban logistics center business. Starting with a major gas station in Yangjae-dong, Seoul in October, SK Energy is in the process of converting its major base gas station into an urban logistics center that carries out the entire process of packaging, delivery and return.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)

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