(tb) The Japanese Post It is expanding its activities in logistics. It acquired a 19,9 percent stake in LogisteedBehind this lies the former logistics division of the Hitachi-Group. Logisteed is one of the leading providers in the Asia-Pacific region for logistics services that companies have fully outsourced. In Japan, 56.000 people work for Logisteed at 1000 locations, and another 19.000 at 450 locations outside Japan. Among globally operating logistics providers, Logispeed is currently ranked 29th with a revenue of almost six billion euros.
Japan Post is paying the equivalent of just over €900 million for the minority stake. It did not specify whether it intends to pursue a full takeover in the medium or long term. Its own logistics division operates under the name... Toll and currently ranks 30th in the world.
