KUALA LUMPUR: Three Nippon Express Group companies in Italy, namely Nippon Express Italia Srl, Franco Vago SpA and Traconf Srl were merged to form Nippon Express Italia SpA on Jan 1.
The merger aims to accelerate and maximise synergy in sales and operations in one fell swoop and achieve dramatic growth, inclusive of existing Nippon Express Italia Srl, to step up efforts in the high-fashion sector.
According to a statement, it also aims to make the new company a leading provider of logistics services to the fashion logistics sector.
The merger also makes Nippon Express Italia SpA the largest Nippon Express Group company in Europe and the second-largest overseas subsidiary after Nippon Express USA Inc.
The merger will also result in a new Lifestyle Division to go beyond high fashion to target lifestyle, enhance rate competitiveness via joint sorting/collection/co-loading in forwarding and trucking operations as well as extended lifestyle business model from Italy to the rest of the Nippon Express network. – Jan 17, 2020, Bernama