Nippon Express announced that it has acquired additional shares in Nittsu NEC Logistics, a company that specializes in providing logistics services to the IT industry.
With the share purchase Nippon Express acquired a further 15,200 shares, equivalent to a 2% stake in the company, giving the company a majority interest of 51% in NEC Logistics.
Nippon Express stated that it would be able to construct a global logistics platform for the ICT sector as a result of the closer ties between the two companies. As a subsidiary NEC Logistics’ specialist ICT logistics capabilities will be integrated with Nippon Express’ international network, enabling both companies to serve a broader scope of customers.
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