Nippon Express Holdings Completes Simon Hegele Group Acquisition

KUALA LUMPUR, Feb 18 (Bernama) -- Nippon Express Holdings Inc has completed the acquisition of SH HoldCo GmbH, the parent company of Germany-based Simon Hegele Group, effective Feb 3.

The agreement, finalised on Sept 30, 2024, positions Nippon Express to strengthen its presence in the healthcare logistics sector, according to a statement.

Headquartered in Karlsruhe, Germany, Simon Hegele is a contract logistics provider established in 1920, specialising in logistics services for the healthcare industry across Europe, the United States (US), South America, Asia, and Australia.

The company offers warehousing, distribution, installation at delivery destinations, and other value-added services for medical equipment. It has established a strong customer base by offering tailored logistics solutions for healthcare, industrial, and retail clients.

Nippon Express (NX) Group has identified healthcare logistics as a key growth sector under its "NX Group Business Plan 2028 Dynamic Growth 2.0 - Accelerating Sustainable Growth".

The acquisition provides NX Group with a scalable platform to deliver end-to-end logistics services, enhancing its capabilities and expanding its global network.

Moving forward, NX Group aims to integrate Simon Hegele’s specialised logistics capabilities with its own global network and international forwarding business, enhancing service offerings and creating synergistic value for customers.

-- BERNAMA