Samsung SDS Acquires Woojung Air Consolidation to Boost Profits

Samsung SDS is acquiring a 100% stake in air cargo specialist Woojung Air Consolidation to improve margins in its logistics business. Last year the division posted 7.39 trillion won ($5.54 billion) in revenue, 53% of the company's total, but an operating margin of just 1.8%.

• Samsung SDS signed a deal to buy 100% of Woojung Air Consolidation
• Logistics revenue hit 7.39 trillion won but margin was only 1.8%
• Woojung posted 213.9 billion won revenue and 3 billion won profit
• Cello Square will be linked with Woojung's iNomad platform