Case

Forto, a Disruptive German logistic company, chooses Denmark as key expansion point

Case

Forto, a Disruptive German logistic company, chooses Denmark as key expansion point

Forto, a leading provider of digitised freight forwarding and supply chain solutions, has announced an expansion into the Nordic markets with new offices in Copenhagen and Aarhus, Denmark. The two new offices mark a further step in Forto's plans to expand its presence in Europe to serve the needs of its international customers.

When

Forto chose Denmark as an early key expansion point due to the country’s leading IT-infrastructure, level of digitalisation, and readiness to adopt new technologies, which is confirmed by the consistent ranking as a top performing member state in the EU-Commission's Digital Economy and Society Index. 

forto plans to establish multiple new European locations across 2021 and 2022

"As our business continues to expand, it is crucial to be in the right place to best serve the needs of our customers. Opening new European locations enables us to better manage our trade lanes and strategically open new markets. Copenhagen offers the synergies of a dynamic and innovative digitally-oriented market with a world-class transportation infrastructure"

Michael Wax

CEO, Forto

Denmark is a world-leading shipping nation with the government supporting the cluster with the "Blue Denmark" growth strategy, which has digitisation, an attractive framework, and knowledge and know-how at the core of its agenda.



As a major transport and trade hub for Europe, Denmark is a logical fit for Forto's European expansion as the nation is ideally situated as a central connection point between Northern and Central Europe. The country’s transport centres provide a comprehensive infrastructure for distribution of goods and services. Moreover, Copenhagen is the largest international hub in the Nordic markets, traditionally carrying 360,000 tons of cargo a year. 


 
“Forto is improving logistics at a time when global supply-chains are highly challenged. It is impressive how quickly they have established their presence during some of the most challenging supply-chain shocks we have seen in decades. We hope, they can quickly help Danish companies to gain and maintain competitive advantages during these tough times by improving transparency, flexibility, and ease-of-use as well as reducing non-value-adding costs”

Steen Hommel

State Secretary for Trade and Global Sustainability at Ministry of Foreign Affairs of Denmark

Invest in Denmark supported Forto’s expansion to Denmark

Invest in Denmark’s German located office supported Forto’s European expansion with knowledge on Denmark as a maritime hub and how the company could be a part of a “First Mover” mentality within modern & digital solutions. Invest in Denmark introduced Forto to the local Maritime organisation cluster, assisted with market entry, knowledge on talent recruitment and guided the company on promotion in Danish online media and relevant exhibitions. Invest in Denmark will continue to offer help to the company with practical assistance, expansion support and further new business opportunities.

Forto is an innovative logistic forwarder that uses digitalisation and democratises freight booking as the users gain direct access to global routes and decentralised bookings of transport. This removes friction and allows the individual company to save money and gain control over the operational link in their global freight & logistics setup.

Forto is currently valued at $1,2Billion (2021) and Key investors among others are Maersk, SoftBank & Citi Ventures.

 

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Copenhagen

  • Sarina Lohmann

    Title: Special Advisor – Maritime and transport – Analysis & Partnerships

    Area: Copenhagen

    Phone: +4533920423

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