Japan-based distribution group Nippon Express has announced the completion of the acquisition of logistics firm Tramo SA.
The acquisition of shares has been secured through subsidiary Nippon Express Italia S.p.A. Headquartered in Chiasso (Switzerland), Tramo is a logistics company specialising in high-end furniture, with offices in Italy, Switzerland, France, the Netherlands, Spain, UK and the USA.
Commenting on the deal, the group said: “Tramo Group is highly regarded by the market providing freight forwarding, via land, sea and air, as well as white glove (including value-added services during the delivery, such as installation) and storage services, mainly for high-end furniture manufactured in Italy.
“The NX GROUP has strengthened its efforts in the apparel industry, which it has positioned as a priority industry in its business plan. In particular, we have developed globally a highly specialized business led by NIPPON EXPRESS ITALIA S.p.A. in the field of luxury and fashion goods logistics. In recent years, our lifestyle, luxury and fashion goods customers have been expanding globally their brands through products that characterize lifestyles, such as furniture and hotels, beyond the traditional apparel framework.
“With the integration of Tramo as a subsidiary, NX GROUP will acquire know-how and capabilities in areas such as collection and delivery, which are optimal for high-end design furniture, thus enabling the Company to broaden its range of solutions it can offer to its customers. In addition, by bringing together the logistics functions of the Tramo Group and NX GROUP ‘s global network, the two groups will be able to expand each other’s service line-ups and solution offerings.
“Going forward, we will aim to maximize the synergies created out of this integration in order to offer even higher quality of high-end specialized services to customers who enjoy their lifestyles around the world.”
Giovanni Di Maggio, Group CEO of Tramo Group, added: “We are very proud to become part of the Nippon Express Group, due to the great strategic and market prospects and opportunities that we will be able to seize for the future development of our Group. The signed agreement marks an important turning point in the history of both organizations and on the one hand consolidates Tramo’s position of absolute leadership in the North American and European markets as regards the management and transport of high-end products in the world of jewellery, luxury, fashion and design, but on the other hand it opens extraordinary opportunities in the new Asian and Far East markets.
“Thanks to the support of a highly structured global player like Nippon Express, customers will be able to benefit from the expansion of the offer of new services and even higher quality standards. This is, certainly, an opportunity that all high-end Made in Italy products will be able to enjoy to manage the entire logistical process of transferring goods and products of great value in absolute safety.”
