Nippon Express merges three group companies in Italy
January 22, 2020: Japanese global logistics services company Nippon Express has merged three group companies in Italy - Nippon Express Italia (a Milan-based Italian subsidiary of Nippon Express Co), Franco Vago, and Traconf, to form Nippon Express Italia SpA on January 1, 2020. A ceremony was held in Milan on January 15 to mark the merger.
In 2013, Nippon Express acquired Franco Vago, which is engaged in apparel-related forwarding operations primarily for luxury fashion brands in Italy, and in 2018 it acquired Tranconf, which is involved in warehouse storage, distribution and other services connected with fashion and lifestyle in Italy and the rest of Europe as well as the US and China, and which, like Franco Vago, has a customer base consisting principally of luxury fashion brands.
With the merger, a new lifestyle division will go beyond high fashion to target lifestyle-related logistics, and the know-how of Franco Vago and Traconf as well as the integrated administration of the Nippon Express Group will be leveraged to expand sales to lifestyle industries. Rate competitiveness will be enhanced through joint sorting/collection/co-loading in forwarding and trucking operations.The lifestyle business model will be extended horizontally from Italy to the rest of the Nippon Express network, and know-how on forwarding, logistics and trucking operations dispersed among companies will be shared.
The merger makes Nippon Express Italia SpA the largest Nippon Express Group company in Europe and the second-largest overseas subsidiary after Nippon Express US, Inc.