Scan Global Logistics A/S has signed an agreement to acquire IC Logistics from IC Group A/S (CPSE:IC) on May 8, 2019. Scan Global Logistics Group will provide logistics services to Tiger of Sweden and By Malene Birger. The cashflow effect from the sale including transaction costs is expected to be neutral while the accounting effect is expected to amount to a loss of approximately DKK 20 million which will be included in non-recurring costs for the financial year 2018/2019. The transaction is expected to close on June 30, 2019. Scan Global Logistics A/S completed the acquisition of IC Logistics from IC Group A/S (CPSE:IC) on June 28, 2019. The transaction will have no impact on the Group’s outlook for the financial year 2018/19.