KUALA LUMPUR, March 16 (Bernama) -- Nippon Express Co.,Ltd. executed a sale and purchase agreement with investors in Traconf S.r.l. (Traconf) on March 6 to acquire the entire equity interest in Traconf through the subsidiary, Nippon Express Europe GmbH.
Traconf is a provider of warehousing, distribution and other services for the fashion and lifestyle industries in Europe, mainly Italy, as well as the United States and China.
Nippon Express Group aims to be a 'truly global logistics company' that can contribute to the global development of all kinds of customers.
As one of the key strategies to achieve the goal, the company is active in making intensive investments outside Japan to enhance its network in various regions and business areas with high growth potential.
In 2013, Nippon Express acquired Franco Vago S.p.A., a Firenze-based forwarding service provider in the apparel industry mainly focused on high-end fashion brands, and as a result established a high-quality logistics platform in the apparel sector.
The company believes that the acquisition will help it grow its group's fashion logistics business dramatically.
Particularly, the combination of Traconf and Franco Vago will provide the company with mutual access to the customers of both companies, and furthermore the ability of offering each customer non-stop integrated logistics services from international transportation and product warehousing to distribution to the markets.
In terms of the company's geographic strategies, the complementary interaction of the two companies and the local bases of its group will create a global network beyond the European market, allowing it to provide high-quality services to customers worldwide.
-- BERNAMA
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