NXHD Completes Acquisition Of German’s Simon Hegele, Becoming A Fully Owned Subsidiary

KUALA LUMPUR, Oct 11 (Bernama) -- Nippon Express Holdings Inc (NXHD) has announced the successful completion of its acquisition of all shares in German-based SH HoldCo GmbH (Simon Hegele), a group of companies specialising in contract logistics in the healthcare industry.

According to a statement, following a sale and purchase agreement inked recently, this transaction will enable NXHD to acquire a unique and scalable healthcare platform in Europe, a significant market for contract logistics.

The company expects to receive highly complementary capabilities and synergistic value through the integration of Simon Hegele with its global network and international forwarding business, resulting in three new growth opportunities.

The three new growth opportunities are growth in the healthcare market; enhancement of end-to-end solutions and cross-selling for healthcare as well as industry and retail clients; and geographical expansion of Simon Hegele's business.

NXHD aims to achieve early realisation of these growth opportunities and provide its customers with higher quality logistics solutions by welcoming Simon Hegele into the group.

"I am looking forward to moving forward on the same path towards the future with the Simon Hegele Group. Specifically, I believe that we can provide even greater value to our customers by combining NX Group's global network capabilities with Simon Hegele's advanced logistics expertise, especially in the healthcare sector," said NXHD Director and Executive Officer, Mamoru Akaishi.

Meanwhile, Simon Hegele Group Chief Executive Officer, Stefan Ulrich said: "It was clear to us that we wanted to find a strategic partner that was a good fit for us, and at the same time is passionate about working with us to further develop tailor-made solutions for our internationally active customers on a global level."

Earlier this year, the company launched the "NX Group Business Plan 2028 Dynamic Growth 2.0 ~ Accelerating Sustainable Growth~" as a guideline for the next five years, promoting business growth in the global market towards the achievement of its long-term vision "To become a logistics company with a strong presence in the global market by 2037".

One of the company’s strategies to achieve this vision is to expand its range of services for each customer, and as part of this strategy, it is advancing the development of a global end-to-end service infrastructure tailored to its customers' industries.

-- BERNAMA