As previously announced, on 17 February 2015 Neptune Orient Lines (“NOL”) entered into an agreement with Kintetsu World Express (“KWE”) for the sale and purchase of APL Logistics.
We are pleased to inform you that the transaction has now been completed, after securing the necessary legal, regulatory and shareholder approvals. APL Logistics is now a fully-owned subsidiary of KWE.
This is a significant milestone for both APL Logistics and Kintetsu World Express, and we would like to take this opportunity to reach out to each of you through our video messages below.
1. Message from KWE President and CEO
2. Message from APL Logistics President
People are a key part of our business and you have been integral to the success of our companies. As we chart APL Logistics’ next stage of growth, we look forward to your continued support.