Sagawa Express SG Holdings and Hitachi Transport System management integration postponed September 24, 19:20
"SG Holdings" and "Hitachi Transport System," which own the major courier company Sagawa Express, have described the details of the capital and business alliance they made four years ago, saying that the environment surrounding the logistics industry has changed significantly due to the impact of the new corona virus. We reviewed it and made it clear that we would not integrate the business.
SG Holdings and Hitachi Transport System, which own Sagawa Express, entered into a capital and business alliance four years ago and have continued discussions for business integration.
However, due to the drastic changes in the environment surrounding the logistics industry, such as the increase in the use of online shopping due to the impact of the new coronavirus, the company announced that it will not discuss business integration for the time being.
According to both companies, SG Holdings will sell the remaining 29% of Hitachi Transport System's stake, leaving a few percent, and Hitachi Transport System will transfer all of its 20% stake in Sagawa Express to SG Holdings. I am.
On the other hand, mutual use of distribution centers and trucks and personnel exchanges will continue.