News / Nippon Express fulfils strategic aims with Cargo-Partner acquisition

© Pavel Kapysh

And so it has come to pass (as Loadstar Premium indicated in February): Nippon Express is buying a majority stake in Austria’s Cargo-Partner for about €835m, its largest acquisition so far.

Nippon Express has been eyeing the wider world for some time, knowing Japan’s domestic market is not scheduled to see much growth. So it hopes Europe’s Cargo-Partner, which is also strong in the US and Asia will help propel its business forward.

Nippon said it had been working on a global ...