International Logistics Group Limited (hereinafter “ILG”), a UK subsidiary of Yusen Logistics Co., Ltd., announced on February 21 that Noel Topco, a UK holding company consisting of 10 companies including Global Freight Solutions Limited (hereinafter “GFS”), Limited. ). 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.
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.
From the left, Mike Stevenson, ILG Chairman. Neil Cotty, GFS CEO. Tom Ashley, ILG MD
Overview of business partners
main office | Newbury, UK |
work | holding company |
foundation | 2017 |
FY2022 group sales | £81.4 million |
Global Freight Solutions Limited
main office | Newbury, UK |
work | Platform service for e-commerce logistics operators |
foundation | 2001 |
Business investment policy in NYK’s medium-term management plan
On March 10, 2023, the NYK Group announced its medium-term management plan, “Sail Green, Drive Transformations 2026 – A Passion for Planetary Wellbeing.” Our group is promoting a growth strategy centered on ESG based on our group mission statement of “Creating value” and our new corporate vision for 2030 of “beyond the framework of a global comprehensive logistics company.” doing. By evolving our core businesses and growing new businesses, we will co-create the value needed for the future. ”