Nippon Express acquires US logistics company

29 Mar 2012

-- Move made to augment transport operations within US --

Nippon Express U.S.A., Inc. ("NEU"; Kenryo Senda, President), a local subsidiary of Nippon Express Co., Ltd. (Kenji Watanabe, President), recently acquired the American firm Associated Global Systems, Inc. ("AGS").

AGS is a mid-sized logistics company engaged in domestic/international transport and warehousing in the US with a solid reputation for providing meticulous service, including time-stipulated deliveries, in its mainstay domestic transport business. AGS also boasts impressive know-how in the special transport needed for precision instruments and oversized cargo, counting many US companies among its clients.

Although focused primarily on air and ocean cargo forwarding to/from the US, NEU has also been offering incidental storage services as well as removals services, and in recent years it has begun in earnest to undertake transport operations within the US. By making a wholly-owned subsidiary of AGS, a company with proven capabilities in this area, NEU hopes to expand its logistics operations within the US and reinforce its business infrastructure through the mutual use of networks.

Nippon Express is committed to enhancing its locally-rooted logistics services around the world in order to better serve the diversifying global business operations of its customers.

[Profile of AGS]

Company name Associated Global Systems, Inc. Address 3333 New Hyde Park Road, New Hyde Park, NY 11042 Chief representative James Tucci Scope of business Domestic transport, warehousing, air/ocean cargo forwarding Capital US$46,950 Sales US$134,138,000(term ended July 2011) Year established 1958 Employees 282