Nippon Express (Europe) to Acquire Franco Vago

Nippon Express (Europe) to Acquire Franco Vago

Nippon Express (Europe), a subsidiary of Tokyo-based logistics business Nippon Express, has signed a share purchase agreement to acquire all shares of Franco Vago, a Florence, Italy-based apparel-related logistics company.

Nippon Express acquired Franco Vago to augment its own apparel logistics operations in certain markets, particularly in emerging countries in Asia and other regions, the company said in a written statement.