NEC Logistics becomes a Joint Venture between NEC and Nippon Express
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NEC Logistics becomes a Joint Venture between NEC and Nippon Express - JCN Newswire
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NEC Logistics becomes a Joint Venture between NEC and Nippon Express

Tokyo, Dec 2, 2013 - (JCN Newswire) - NEC Corporation (TSE: 6701) and Nippon Express Co., Ltd. (TSE: 9062), reached an agreement in March 2013 to form a strategic business alliance in order to strengthen their global logistics business. As part of this alliance, NEC transferred a portion of its shares in NEC Logistics, Ltd. ("NECL"), to Nippon Express on December 1, 2013.

Following the transfer of shares, NECL became a joint venture between NEC and Nippon Express and NECL's company name was changed to Nittsu NEC Logistics, Ltd.

NEC is a leading provider of solutions in the information and communication technology (ICT) field, Nippon Express boasts a sophisticated global logistics network and Nittsu NEC Logistics possesses advanced know-how of logistics in the ICT field. Together, the three companies aim to unify their broad range of strengths in order to promote the growth of Nittsu NEC Logistics into one of the ICT world's leading logistics companies.

Nittsu NEC Logistics' logistics network is reinforced through its business relationship with Nippon Express, enabling NEC to position Nittsu NEC Logistics as a logistics partner for expanding the base of the NEC Group's global supply chain.

Moreover, the creation of a logistics platform for the ICT field will strengthen the management base of Nippon Express and expand the reach of its high-quality services.

About NEC Corporation

NEC Corporation (TSE: 6701) is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

Contact:

Seiichiro Toda  
NEC Corporation  
s-toda@cj.jp.nec.com
+81-3-3798-6511 

 


Dec 2, 2013
Source: NEC Corporation

NEC Corporation (TSE: 6701) (FTSE: NEC.IL) (U.S: NIPNY)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Joint Venture
View more news from these Sectors: IT & Internet General, Networks & Cloud Computing


 
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