Nippon Express may be open to more acquisitions following the takeover of Austrian logistics provider cargo-partner last year.
Speaking to Air Cargo News at Air Cargo Europe last month, Mr Kakiyama, chief executive, Nippon Express Europe, did not confirm whether the Japanese logistics company was considering any new acquisitions but did indicate that it was an area of interest.
Mr Kakiyama stated he had “some idea” about the company’s future M&A plans, but added: “I cannot share at this moment”.
He did, however, confirm that Nippon is interested in further expanding business in Europe, the Middle East and Africa.
“We want to become even stronger on the European market,” Mr Kakiyama said.
He added: “Geographically, I think that it will be necessary to invest even more in Middle East and Africa.”
Nippon is also interested in strengthening its semiconductor and healthcare business.
“Talking about industries we want to focus on. It’s first of all, semiconductors, but also healthcare, including medical pharmaceuticals. I think that these are growth markets," said Mr Kakiyama.
Further, Nippon plans to invest in trucks and technologies to strengthen the efficiency of its logistics solutions.
Nippon’s acquisition of cargo-partner was confirmed in May 2023 and completed in January 2024.
