Published on March 27th,2013 at 5:09 PM
By >Stephen

NEC and Nippon Express form strategic partnership to strengthen global logistics services

NEC and Nippon Express form strategic partnership to strengthen global logistics services
NEC and Nippon Express form strategic partnership to strengthen global logistics services

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NEC and Nippon Express form strategic partnership to strengthen global logistics services

- NEC Logistics to become joint venture of NEC and Nippon Express -

NEC Corporation (NEC; TSE: 6701) and Nippon Express Co., Ltd. (Nippon Express; TSE: 9062) have reached an agreement to form a strategic partnership in order to strengthen their global logistics business. As part of this partnership, NEC will transfer a portion of its shares in NEC Logistics, Ltd. (NECL) to Nippon Express and a contract will be concluded for the joint management of NECL.

NEC is a leading provider of solutions in the Information and Communication Technology (ICT) field, Nippon Express boasts a sophisticated global logistics network and NECL possesses advanced know-how of logistics in the ICT field. Each company aims to capitalize on these strengths in order to drive the advancement of NECL’s business throughout the world.

The NEC Group will expand the base of its global supply chain by integrating NEC’s logistics partnership with NECL and leveraging the logistics network of Nippon Express.

The creation of a logistics platform for the ICT field will strengthen the management base of Nippon Express and expand the reach of its high-quality services.

Via NEC
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