Japan’s Nippon Yusen Kaisha (NYK) has bought Noel Topco, a UK-based holding company of 10 companies, including Global Freight Solutions Limited (GFS), a specialist in fulfillment services for e-commerce businesses, from order receipt to delivery.
The UK e-commerce market is the third largest in the world after China and the US, according to NYK.
“The acquisition aims to add a new platform service to the NYK Group’s logistics business, thereby expanding services and differentiating the NYK Group from its competitors,” the Japanese company stated in a release today.