News / NYK extends its logistics arm with takeover of UK’s Noel Topco

Photo 99062800 / Cargo © Sheila Fitzgerald | Dreamstime.com

Japan’s NYK Group has moved further into the logistics sector, as have some rivals – its logistics unit, Yusen, has acquired UK logistics group Noel Topco, with subsidiaries including parcel delivery company Global Freight Solutions.

NYK, among ONE’s shareholders, said the takeover of Noel Topco from UK private equity firm Phoenix Equity Partners was part of its strategy to expand into the logistics sector. The purchase price was undisclosed.

It said: “The acquisition realises ambidextrous management, which aims for growth through the ...