Three Nippon Express Group companies in Italy, Nippon Express Italia Srl, a Milan-based Italian subsidiary of the main company, Franco Vago SpA and Traconf Srl, were merged to form Nippon Express Italia SpA (Head Office: Florence; President: Arnaldo Vivoli) on January 1, 2020.
In 2013, the company acquired Franco Vago, which is engaged in apparel-related forwarding operations primarily for luxury fashion brands in Italy, and in 2018 it acquired Tranconf, which is involved in warehouse storage, distribution and other services connected with fashion and lifestyle in Italy and the rest of Europe as well as the U.S. and China.
The merger aims to accelerate and maximize synergy in sales and operations in one fell swoop and achieve dramatic growth, to step up efforts in the high-fashion sector, a priority industry in the company corporate strategy, and to make the new company a leading provider of logistics services to the fashion logistics sector.
The merger makes the Italian Nippon subsidiary the largest group company in Europe and the second largest overseas subsidiary after the one in USA.
