Press Release

Notice of Completion of the Acquisition (subsidiarization) of the Shares of SH HoldCo GmbH

NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri) is pleased to announce that the agreement concluded on September 30, 2024 for the acquisition of 100% of the shares in SH HoldCo GmbH, the parent company of the Germany-based Simon Hegele Group, was executed with effect from February 3, 2025 ("the Transaction").

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The founder,Dieter Hegele (left) and President of NXHD,Horikiri

Headquartered in Karlsruhe, Germany, Simon Hegele is a contract logistics provider founded in 1920 that specializes in providing logistics services for the healthcare industry worldwide (Europe, USA, South America, Asia, and Australia).

Simon Hegele provides logistics services including warehousing, distribution, installation at delivery destinations, and other value-added services for large medical equipment. Furthermore, Simon Hegele has built a robust customer base by leveraging their highly specialized logistics platform to meet the specific needs of blue-chip healthcare, industrial and retail clients.

The NX Group has set the healthcare industry as one of its priority growth areas in the "NX Group Business Plan 2028 Dynamic Growth 2.0 ~ Accelerating Sustainable Growth ~" and is promoting the enhancement of an end-to-end solutions platform. By completing this Transaction, the NX Group has acquired a unique and scalable platform to provide logistics services to the healthcare industry. As a result, we expect to receive highly complementary capabilities and synergistic value through the integration of Simon Hegele logistics capabilities with the Company's global network and international forwarding business to provide more comprehensive services to our customers.

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The new team of Managing Directors at Simon Hegele*1

Going forward, we will aim to maximize the synergies created by integrating both companies' service and customer bases to provide our customers around the world with the highest quality logistics solutions.

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The founder,Dieter Hegele and NX Group representatives*2

【Overview of Simon Hegele】

Company Name SH HoldCo GmbH
Headquarters Address Haid-und-Neu-Straße 13-15, 76131 Karlsruhe, Germany
Representative Stefan Ulrich
Business Medical Equipment and other industry-related services
Incorporation Date 1920 (Founding year)
Group Financial Performance during the Last Audited Fiscal Year
(Ending December 2023)*3
Consolidated Sales: EUR 318 million (JPY 50,938 million)
Consolidated EBIT: EUR 3.7 million (JPY 593 million)
Major Shareholder / Shareholding NIPPON EXPRESS HOLDINGS, INC. / 100%
*1 From left in the photo,
Michael Wahl / Chief Financial Officer,
Shinichi Kakiyama / Executive Officer, Regional General Manager, NX Europe,
Mike Winter / Segment Head Healthcare EMEA,
Naohiko Matsuda
Stefan Ulrich / Chief Executive Officer,
Olaf Zimmlinghaus / Vice President Corporate, NX Europe

*2 From left in the photo,
Mamoru Akaishi / Director and Executive Officer of NXHD,
Satoshi Otsuji / Managing Executive Officer of NXHD,
Dieter Hegele / The founder,
Satoshi Horikiri / President of NXHD,
Shinichi Kakiyama / Executive Officer, Regional General Manager, NX Europe

*3 Converted at the exchange rate of EUR 1 = JPY 160

【About the NX Group】

The NX Group is a world-leading logistics provider established in Japan in 1937. With over 78,000 professionals in 57 countries and regions, the NX Group is renowned for its global presence. Our holding company, NIPPON EXPRESS HOLDINGS, is listed on the Prime Market, the highest tier of the Tokyo Stock Exchange. Distinguished by its unwavering commitment to excellence, the NX Group holds a strong market position in air, sea, rail, and truck transport as well as contract logistics, offering high-quality end-to-end supply chain solutions that seamlessly integrate information technology. As a partner that goes beyond simply transporting goods, the NX Group is committed to creating sustainable and environmentally-conscious supply chains. We strive to co-create our customers' future by providing innovative solutions. For more information about our company, please visit https://www.nipponexpress-holdings.com/en/