Samsung SDS buys Woojung Air to bolster global air freight

What happened: Samsung SDS agreed to acquire a 100 percent stake in South Korean air cargo consolidator Woojung Air Consolidation, signing a share purchase agreement Monday, with the deal expected to close by year-end. Key numbers: 100 percent stake. Woojung Air founded in 1999. Partnership began in 2022. Why it matters: The deal is expected to strengthen Samsung SDS air freight forwarding through Incheon Airport, improve use of airline cargo capacity, and expand data-driven automation by integrating Cello Square with Woojung Air's iNomad platform.

Samsung SDS agreed to acquire a 100 percent stake in South Korean air cargo consolidator Woojung Air Consolidation, signing a share purchase agreement Monday, with the deal expected to close by year-end.

The deal is expected to strengthen Samsung SDS air freight forwarding through Incheon Airport, improve use of airline cargo capacity, and expand data-driven automation by integrating Cello Square with Woojung Air's iNomad platform.