Press Release

Cooperation between TPG and Kintetsu World Express

Publish Date : 7 December 1999 at 14:47 CET - TNT Post Group N.V. (TPG), headquartered in Amsterdam, and the Japanese-owned company Kintetsu World Express Inc. have established a strategic cooperation to provide integrated logistic solutions to customers in Europe and Asia, based on their joint capabilities and expertise in distribution services, logistics and express. Kintetsu is the third-largest air freight forwarder worldwide. The company is a global provider of a broad range of logistics and distribution services with a global network of company-owned facilities. Together, both companies have a unique opportunity to strengthen their positions in the highly attractive express and logistics markets in Asia and Europe.

This agreement enables TPG, especially its TNT Asia subsidiary, to benefit from Kintetsu's strong and longstanding customer base in Japan and Asia and its global expertise in logistics and distribution services. Kintetsu will benefit from TNT's Asian and European networks, its global presence and expertise in Express and Logistics.

Furthermore, both companies intend to explore opportunities to increase their cooperation in the Japanese domestic express market and to share infrastructure networks in Asia.

Kintetsu World Express Inc, headquartered in Tokyo, has over 5,000 employees working in 36 countries. Kintetsu has 123 warehouses, of which 50 are in Japan. Sales amounted to US$ 2,5 billion in 1998.

Page publication date: 7 December 1999 at 14:47 CET