Nippon Express completed the acquisition of Cargo-Partner for $743m.

Nippon Express, a Japanese global logistics services company, completed the acquisition of Cargo-Partner, an Austrian global logistics player, for $743m. “Both organizations will benefit from considerable synergies in global office coverage, an expanded service portfolio, strengthened regional, product and IT know-how, increased scale and others. NX Group will benefit from our strong and extensive network in Central and Eastern Europe that complements NX’s existing network in an ideal way, and cargo-partner will jump several leagues in the Intra-Asian and Trans-Pacific trade lanes. cargo-partner will also continue to work with its current global agents’ network, strive to expand this section of its business and support it in future with its upgraded platform which is presently under development," Stefan Krauter, Cargo-Partner CEO.