On February 21, International Logistics Group Limited (ILG), a UK subsidiary of Yusen Logistics Co., Ltd., announced that it is a UK subsidiary consisting of 10 companies, including Global Freight Solutions Limited (GFS). Acquired Noel Topco Limited, a holding company. ). This acquisition is part of the growth strategy for the logistics business set out in the NYK Group's medium-term business plan to be announced in March 2023, and aims to realize ambidextrous management that aims for growth by investing profits from existing businesses in new businesses. thing.
From left: Mike Stevenson, ILG Chairman, Neil Cottee, GFS CEO. Tom Ashley, ILG MD
ILG, which is steadily expanding its business, specializes in fulfillment services from order to delivery for e-commerce businesses. The UK's e-commerce market is in high demand and is the third largest in the world after China and the US.
GFS, an operating company of Noel Topco Limited, provides platform services to manage and coordinate end consumers, e-commerce retailers, fulfillment centers, and carriers for the delivery and return of products, with a wide range of delivery areas, dates, , offers rates. We respond to the increasingly diverse and sophisticated needs of our customers.
The purpose of this acquisition is to expand our services and differentiate ourselves from our competitors by adding a new platform service to our group's logistics business. Our group will continue to expand by building a strong foundation in the e-commerce market and aiming for further business growth.
Source: NYK Line
