Maruzen Showa Unyu Co. Ltd. acquired Nidec Logistics Corporation from Nidec Corporation for ¥5 billion.
February 01, 2015 at 11:00 pm EST
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Maruzen Showa Unyu Co. Ltd. (TSE:9068) agreed to acquire Nidec Logistics Corporation from Nidec Corporation (TSE:6594) on December 17, 2014. Maruzen Showa Unyu Co. Ltd. will acquire 0.07 million shares. Maruzen Showa Unyu Co. Ltd. signed an agreement to acquire Nidec Logistics Corporation from Nidec Corporation on December 19, 2014. During the year ended March 2014, Nidec Logistics Corporation had consolidated sales of ¥6.89 billion and consolidated ordinary profit of ¥277 million. Kenji Murata will become President and Representative Director, Fujitaka Uchiyama will become Senior Managing Director, Mutsuo Ogiwara will become Managing Director, Masaharu Hattori will become Director, Yoichi Jinushi will become Director, Kenji Ohara will become Director, Hitoshi Kayama will become auditor and Masaharu Yamagata will become auditor. Board of Directors of Maruzen Showa Unyu Co. Ltd. made a resolution in favor of the transaction on December 17, 2014.
Maruzen Showa Unyu Co. Ltd. (TSE:9068) completed the acquisition of Nidec Logistics Corporation from Nidec Corporation (TSE:6594) for ¥5 billion in cash on February 2, 2015. Nidec Logistics Corporation changed its name to Maruzen Densan Logistics Corporation.
Maruzen Showa Unyu Co.,Ltd. is a Japan-based company mainly engaged in the lorry transportation business, port transportation business and on-site work. The Company operates through two business segments. The Logistics segment is involved in the lorry transportation business, freight transportation business (lorry, railroad, ocean shipping, coastal shipping, and air transportation), port transportation business (general port transportation, port cargo handling (onboard and coastal barge transportation), warehouse Business, customs clearance, packing, marine transportation and air transportation agency. The On-Site Work and Machinery Cargo Handling segment is engaged in the transportation, assembly, replenishing, storage and cargo handling of raw materials, products, heavy cargos and precision machinery in factories, as well as the leasing of machinery. The Company also provides services such as construction, security, real estate, insurance agency and car maintenance.