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Nippon Express buys equity interest in Traconf

Published 19 March 2018

Nippon Express has agreed to acquire the entire equity interest in apparel-related logistics service provider Traconf.

Based in Verona of Italy, Traconf provides apparel-related logistics services to the customers in the high-end fashion industry.

Nippon Express Europe, a subsidiary of Nippon Express, has executed a sale and purchase agreement to acquire the complete equity interest in Traconf.

By providing logistics-centric supply chain solutions throughout the world, 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 this 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, the Company acquired Franco Vago S.p.A. (hereinafter "Franco Vago"), 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.

Traconf provides warehousing, distribution and other services for the fashion and lifestyle industries in Europe, mainly Italy, as well as the United States and China. Its key customer base comprises luxury fashion brands, like that of Franco Vago.

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 nonstop 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 as a leading distributer in the fashion logistics industry.

Source: Company Press Release