KKR Completes Acquisition of Hitachi Transport System

KKR Completes Acquisition of Hitachi Transport System Back to Press Releases

KKR Completes Acquisition of Hitachi Transport System

March 1, 2023

TOKYO–(BUSINESS WIRE)– Global investment firm KKR announced today that KKR has completed KKR’s acquisition of Hitachi Transport System Ltd. (“HTS” or the “Company”). KKR holds the shares of HTS through HTSK Co., Ltd. (“HTSK”), a special purpose entity which owns 100% of the shares with voting rights in HTS, and through HTSK Holdings Co., Ltd. (“HTSK Holdings”), a 100% parent and holding company of HTSK. KKR will work in strategic partnership with Hitachi Ltd. (“Hitachi”), which owns 10% of the shares with voting rights in HTSK Holdings and KKR owns the remaining 90% of the shares with voting rights.

HTSK acquired 100% of the shares with voting rights in HTS through a cash tender offer, the results of which were announced on November 30, 2022, a share consolidation that became effective on February 28, 2023, and a buyback by HTS of the shares held by Hitachi on March 1, 2023.

HTS will be renamed LOGISTEED, Ltd. (“LOGISTEED”) from April 1, 2023, a name that combines LOGISTICS with Exceed, Proceed, Succeed, and Speed, which represents the Company’s determination to grow its business into new areas beyond logistics. Also from April 1, 2023, HTSK Holdings and HTSK will change their names to LOGISTEED Holdings, Ltd., and LOGISTEED Group, Ltd., respectively.

LOGISTEED will build on HTS’ leading position in the third-party logistics (“3PL”) business in Japan. The Company provides supply chain solutions for customers who outsource logistics functions such as logistics system integration, inventory and order control, logistics center operations, factory logistics, and transportation and delivery services. It has a strong domestic 3PL business as well as an international business which includes a forwarding business and related 3PL business.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228006515/en/

KKR Media
Anita Davis
+852 3602 7335
Anita.Davis@kkr.com

Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

FGS Global (for KKR Japan)
Samuel Brustad
+81 70 3853 3284
Samuel.Brustad@fgsglobal.com

Source: KKR

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This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively “KKR”), including certain investment funds, vehicles and accounts that are managed by KKR (each, a “fund”). Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date they are made. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility.

Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov.