International Logistics Group (ILG), a UK subsidiary of NYK Line’s Yusen Logistics, acquired Noel Topco, a UK-based holding company of 10 companies, including Global Freight Solutions (GFS).
The acquisition is part of the logistics business growth strategy outlined in the medium-term management plan announced by the NYK Group in March 2023.
NYK said the acquisition realizes ambidextrous management, which aims for growth through the investment of profits from existing businesses in new ones.
ILG specializes in fulfillment services for e-commerce businesses, from order receipt to delivery, while the UK e-commerce market is in strong demand and is the third largest in the world after China and the United States.
GFS, the operating company of Noel Topco Limited, provides platform services to manage and coordinate end-consumers, e-commerce retailers, fulfillment centers, and carriers for product delivery and returns, offering a wide range of delivery areas, dates, and rates to meet increasingly diverse and sophisticated customer needs.
The acquisition aims to add a new platform service to the NYK Group’s logistics business with the Japanese company aiming to grow its business further by building a solid foundation in the e-commerce market, promising continual expansion.
