KKR Finalizes Hitachi Transport System Takeover, Rebrands as LOGISTEED

Global alternative asset manager KKR has successfully concluded its acquisition of Hitachi Transport System Ltd., marking a significant move in the logistics sector. The transaction structure reveals that KKR holds controlling interest through subsidiary entities—HTSK Co., Ltd. operates as the 100% owner of voting shares in HTS, while HTSK Holdings maintains 100% ownership of HTSK. Under the partnership framework, Hitachi retains a 10% stake in HTSK Holdings, with KKR commanding the remaining 90%.

Transaction Timeline and Corporate Restructuring

The acquisition was executed through a three-step process. HTSK completed a cash tender offer that concluded on November 30, 2022, followed by a stock consolidation effective February 28, 2023, and a share repurchase from Hitachi completed on March 1, 2023. The newly consolidated entity represents a unified ownership structure positioning KKR as the primary strategic driver.

A comprehensive rebranding initiative takes effect April 1, 2023, when the company transitions to LOGISTEED, Ltd. The name fusion combines “Logistics” with “Exceed, Proceed, Succeed, and Speed”—symbolizing the organization’s ambition to expand operations into sectors beyond traditional logistics delivery. Concurrently, parent companies HTSK Holdings and HTSK will rebrand as LOGISTEED Holdings, Ltd. and LOGISTEED Group, Ltd., respectively.

Business Foundation and Market Position

LOGISTEED builds upon Hitachi Transport System’s established leadership in Japan’s third-party logistics (3PL) sector. The company delivers comprehensive supply chain solutions encompassing logistics system integration, inventory management, order fulfillment, warehouse operations, manufacturing logistics, and transportation services. Its competitive advantage stems from dual operational strengths—a robust domestic 3PL platform combined with international capabilities including freight forwarding and related cross-border logistics services.

Strategic Vision Forward

The acquisition positions KKR to leverage its operational expertise while maintaining collaborative engagement with Hitachi. The investment approach emphasizes disciplined capital deployment and portfolio company growth, with the renamed entity poised to capture emerging opportunities beyond conventional logistics boundaries.

About KKR: KKR operates as a preeminent global investment platform delivering alternative asset management, capital markets solutions, and insurance products. The firm channels investment through dedicated funds spanning private equity, credit, and real assets, while insurance subsidiaries under Global Atlantic Financial Group manage retirement, life, and reinsurance portfolios. For information, visit www.kkr.com or @KKR_Co on social platforms.