Neopost on PackCity Parcel Network Joint Venture with Yamato Transport
11 July 2016
Neopost is a leading global supplier of mailing and delivery equipment and digital communication services provider. With a presence in 31 countries and more than 6,000 employees, Neopost recorded annual sales of €1.2 billion in 2015. The joint venture will be 51% owned by Neopost and 49% by Yamato Transport. After a successful pilot phase which was implemented at the end of last year, it is planning to install 5,000 lockers by 2022 in easily accessible places in Tokyo Metro stations in cooperation with East Japan Railway Company and other locations. The commercial operations of the joint venture commenced on 1 July 2016.
The Hogan Lovells team advising Neopost comprised both international and Japanese qualified lawyers was led by Rika Beppu (Partner, Tokyo), with support from Wataru Kamoto (Partner, Tokyo), Chiyokazu Shindo (Senior Associate, Tokyo) and Kate Mansfield (Associate, Tokyo).
Commenting on the transaction, Rika Beppu said: "We are delighted to assist Neopost to further strengthen its global positioning as a parcel facilitator providing a higher quality and more convenient delivery solutions for its customers. The transaction has showcased our team’s strength in handling complex transactions under tight timeframes."
Commenting on the transaction, Alain Midowski, Neopost Group General Counsel said: "We are extremely pleased to start this exciting new business venture in Japan with our trusted partner, Yamato Transport. Rika and her team provided invaluable support in the formation and negotiation of the joint venture, highly adept at communicating effectively with both parties to bring the deal to a successful close."
About Hogan Lovells
For more information, see www.hoganlovells.com
Hogan Lovells is a leading global law firm providing business-oriented legal advice and high-quality service across its exceptional breadth of practices to clients around the world.
"Hogan Lovells" or the "firm" is an international legal practice that includes Hogan Lovells International LLP, Hogan Lovells US LLP and their affiliated businesses.
The word "partner" is used to describe a partner or member of Hogan Lovells International LLP, Hogan Lovells US LLP or any of their affiliated entities or any employee or consultant with equivalent standing. Certain individuals, who are designated as partners, but who are not members of Hogan Lovells International LLP, do not hold qualifications equivalent to members.
Business Development Coordinator
+81 3 5157 8306