(tb) Japan Post is expanding its logistics activities. It has acquired a 19,9 percent stake in Logisteed , 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 nearly six billion euros.
Japan Post is paying the equivalent of just over €900 million for the minority stake. It has not yet indicated 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 worldwide.
