Samsung SDS acquires aviation logistics company ‘Woojung Air’

Samsung SDS acquired Woojung Air, an air transportation logistics company.

This acquisition is expected to further strengthen Samsung SDS' air cargo transportation business based on Incheon International Airport, an Asian hub airport.

According to related industries on the 12th, Samsung SDS signed a stock transfer agreement on this day to acquire 100% of the shares of Woojung Air.

We plan to complete the acquisition within the year, and we plan to make Woojung Air a subsidiary specializing in air cargo mixing in the logistics business and make it an important partner in expanding the air transportation business.

Established in 1999, Woojung Air is a specialized company that engages in logistics business by renting a certain amount of cargo space within an aircraft using a mixed cargo method that collects small amounts of cargo and combines them into one bulk cargo.

It operates the digital air logistics platform 'iNomad' and has secured air space operation contracts with national airlines and major foreign airlines and has stable cargo space.

It also has an Incheon Airport logistics center equipped with a commercial cargo terminal function that can handle security screening and loading all at once outside the airport terminal, as well as its own air cargo transportation system.

◇ Strengthening air forwarding competitiveness by acquiring a domestic air cargo freight forwarding specialist

As Samsung SDS has been providing outsourcing services in all areas of logistics, including air and sea international transportation, logistics center operation, and inland transportation, based on the global digital logistics service Cello Square, this share acquisition is expected to further strengthen the competitiveness of the air forwarding business.

Based at Incheon Airport, both companies have achieved optimal mixing capabilities by operating not only cargo from Korea but also cargo from Asia via Incheon.

Samsung SDS also expects to be able to streamline time and costs by providing its own security search service by utilizing Woojung Air's commercial terminal infrastructure.

In particular, it is expected that by linking Woojung Air's Inomad system and Cello Square, air transportation business processing functions will be strengthened and data-based work automation will also be accelerated.

An industry official said, "Samsung SDS's acquisition of a stake in Woojung Air has equipped us with the logistics capabilities and digital platform to provide air forwarding services. We plan to expand our air transportation business focusing on cargo departing from Incheon and from Asia via Incheon, and apply this competency to our global business to maximize effectiveness."