Country for PR: Japan
Contributor: Kyodo News JBN
Thursday, November 09 2023 - 17:00
NIPPON EXPRESS HOLDINGS Completes Acquisition of Shares in Tramo SA, Making It Fully Owned Subsidiary
TOKYO, Nov. 9, 2023 /Kyodo JBN-AsiaNet/ --

NIPPON EXPRESS HOLDINGS, INC. (the "Company") hereby announces that as shown on 
August 21, 2023, in the "Acquisition of Shares of Tramo SA" announcement, it 
has completed the acquisition of shares in Tramo SA, a logistics company 
operating across Europe and the USA, through NIPPON EXPRESS ITALIA S.p.A., 
effective October 31, 2023.


From left to right: Arnaldo Vivoli/Tramo Group CEO, Giovanni Di Maggio/Tramo 
Group General Director, Shinichi Kakiyama/Executive Officer, Regional General 
Manager Europe of NX

Founded in 1984 and headquartered in Chiasso (Switzerland), Tramo specializes 
in high-end furniture logistics, with offices in Italy, Switzerland, France, 
the Netherlands, Spain, the UK and the USA.

The Tramo Group, highly regarded by the market, provides freight forwarding via 
land, sea, and air, as well as white-glove services (including value-added 
services during delivery, such as installation) and storage, mainly for 
high-end furniture manufactured in Italy.

The NX Group has strengthened its efforts in the apparel industry, which it has 
positioned as a priority industry in its business plan. In particular, it has 
developed globally a highly specialized business led by NIPPON EXPRESS ITALIA 
S.p.A. in the field of luxury and fashion goods logistics. In recent years, the 
Group's customers oriented to luxury and fashion goods have been expanding 
their brands globally through products that characterize lifestyles, such as 
furniture and hotels, beyond the traditional apparel framework.

With the integration of Tramo as a subsidiary, the NX Group will acquire 
know-how and capabilities in areas such as collection and delivery, which are 
optimal for high-end design furniture, thus enabling the Company to broaden its 
range of solutions it can offer to its customers. In addition, by bringing 
together the logistics functions of the Tramo Group and NX Group 's global 
network, the two groups will be able to expand each other's service line-ups 
and solution offerings.

Going forward, the Company will aim to maximize the synergies created out of 
this integration in order to offer even higher quality of high-end specialized 
services to customers who enjoy their lifestyles around the world.

Overview of Tramo:

NX's official website: