Nippon Express USA, Inc. announced it's accquisition of Associated Global Systems, Inc.
NEW YORK, MARCH 28, 2012 - Nippon Express USA, Inc. announced today that it completed its acquisition of Associated Global Systems, Inc., a leading global logistics service company based in New Hyde Park, New York. The move will strengthen Nippon Express’ presence in the U.S. under an ongoing plan for global expansion.
AGS has been serving customers, providing logistics service since 1958. With over 75 U.S. locations and a worldwide network of overseas partners, managed by a nationwide staff of transportation experts, the company handles shipping and freight logistics for shipments of any size, to or from every zip code in the U.S. and Canada and in 205 countries around the world.
AGS will become a consolidated subsidiary of Nippon Express USA, Inc. itself a subsidiary of Nippon Express Co., Ltd., a leading global logistics service provider in Japan and globally. The impact of the transaction on Nippon Express Co., Ltd. consolidated earnings is expected to be non-material.
Kenryo Senda, President of Nippon Express USA, Inc. said “With the addition of AGS’ freight forwarding services, residential delivery, and e-commerce services, our clients will benefit from Nippon Express expanded service offering in the U.S. as the company continues to grow its position as a global supply chain solutions leader.“
Jim Tucci, who will continue in his current role as Chief Executive Officer of AGS said “This transaction fulfills AGS’ late founder Norman Freeman’s dream, who over 50 years built a national platform that will now be expanded internationally and become an integrated part of a truly global platform.”
Nippon Express will continue to develop its global network for providing total logistics support in an environmentally-conscious manner to further improve customer convenience.