Hitachi Transport System: Strategic alliance with SG Holding
Leading Japanese law firm Nishimura & Asahi has advised Hitachi Transport System, Ltd. (“Hitachi Transport System”) on its share acquisition, capital and business alliance with SG Holdings Co. (“SG Holdings”) and Sagawa Express Co., Ltd. (“Sagawa Express”).
Founded in 1950 as a logistics subsidiary handling transport operations for Hitachi, Hitachi Transport System provides comprehensive logistics services to companies in Japan and abroad. SG Holdings Group, a corporate group anchored by Sagawa Express, engages in delivery, logistics, real estate and other businesses.
Under the deal, Hitachi Transport System bought 20 percent of Sagawa Express for ¥66.3 billion from its parent SG Holdings, while SG Holdings bought 29 percent of Hitachi Transport System for ¥87.6 billion. Through their strategic alliance, the companies aim to integrate their strengths and contribute to the improved competitiveness of Japanese companies globally.