Japan Post has agreed to acquire a 19.9% stake in Logisteed Holdings from HTSK Investment. The deal forms part of a new capital and business alliance between Japan Post and Logisteed, aimed at strengthening collaboration across domestic and international logistics.
The partnership will combine Logisteed’s 3PL and logistics digital transformation (DX) expertise with Japan Post Group’s nationwide network and delivery infrastructure, as well as the capabilities of its logistics subsidiaries – JP Logistics, Tonami Holdings and Toll Holdings.
This acquisition will support Japan Post’s goal of becoming a comprehensive logistics company capable of operating last-mile delivery and domestic and international logistics seamlessly, the post said. The collaboration is expected to improve logistics efficiency, service quality, and customer value.
Logisteed aims to become a global top-tier 3PL provider by 2030, while Japan Post continues to expand its logistics and real estate businesses under its “JP Vision 2025+” plan. The acquisition of Tonami Holdings earlier this year marked Japan Post’s broader push into logistics partnerships.
Yasuo Nakatani, chairman, president and CEO of Logisteed, said, “Japan Post Holdings group possesses strong capabilities in domestic transportation and delivery. By combining its expertise in this field with our operational excellence in 3PL and logistics DX, we are confident in our ability to establish a more robust and sustainable logistics foundation that extends beyond simply addressing the ‘Logistics 2024 Problem’.
“Moreover, by reinforcing our overseas operations in collaboration with Toll Holdings Pty Limited, Japan Post Holdings’ international logistics subsidiary, both companies will be positioned to expand their overseas 3PL and forwarding businesses and compete more effectively in the global market.”
Shinya Koike, president and CEO of Japan Post, added, ” Logisteed is the no.1 3PL player in APAC with a global network, a diverse and large customer base, and high operational execution capabilities.
“Through this capital and business alliance, Japan Post aims not only to expand the international logistics business but also to further grow the domestic business-to-business logistics sector, which Japan Post has positioned as a key area for strengthening, and consequently aims to become a comprehensive logistics company capable of seamlessly managing last-mile delivery, domestic distribution, domestic business-to-business logistics, and international logistics. I believe this capital and business alliance will be beneficial not only to our company but also to customers, the industry and society.”
The transaction is subject to regulatory approvals. Further details of the collaboration will be decided in future discussions.
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