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March 2, 2020
Hitachi Transport System, Ltd. hereby announced an outline of a new company that will succeed the distribution service business of Hitachi Life, Ltd., based on a share purchase agreement that we have concluded to acquire all shares of the new company on November 29, 2019.
|Name||Hitachi Transport System East Japan Distribution Services Co., Ltd.|
|Location||3-6-29 Ayukawa-cho, Hitachi City, Ibaraki, Japan|
|Business description||distribution service business
(product packing and moving, warehousing business, etc.)
|Capital||0.1 billion yen|
|Accounting period||March 31|
|Number of Employees||Approx. 140|
|Establishment||April 1, 2020 (planned)|
Under the business concept “LOGISTEED,” we aim to become the most preferred solutions provider for all of our stakeholders. We strive to achieve new innovations by enhancing the core domain and expanding collaborative area across businesses and industries.
Please see below for details of the share purchase agreement.
Hitachi Transport System: Public Relations Department, Corporate Strategy Office
Hitachi Life, Ltd.: General Affairs Department