Japan Post completed the acquisition of a 19.9% stake in LOGISTEED from KKR for $932m.

Japan Post, a company that provides postal, banking, and insurance services, completed the acquisition of a 19.9% stake in LOGISTEED, a Japanese company that provides comprehensive global supply chain solutions, from KKR, an investment firm, for $932m. "Japan Post Holdings group possesses strong capabilities in domestic transportation and delivery. By combining its expertise in this field with our operational excellence in 3PL and logistics DX, we are confident in our ability to establish a more robust and sustainable logistics foundation that extends beyond simply addressing the "Logistics 2024 Problem. Moreover, by reinforcing our overseas operations in collaboration with Toll Holdings, Japan Post Holdings' international logistics subsidiary, both companies will be positioned to expand their overseas 3PL and forwarding businesses and compete more effectively in the global market," Yasuo Nakatani, LOGISTEED Chairman, President, and CEO.