Completion of Acquisition of Cavalier Logistics Group － Expansion of Logistics Services for Healthcare Industry and the U.S. Government －

Oct. 03, 2023

Mitsubishi Logistics Corporation today (EST:October 2, 2023) announces that the acquisition of Cavalier Logistics Group was completed after obtaining U.S. competition law and regulatory approvals. The acquisition was completed through our consolidated subsidiary (Project Hermes Holding Company) in the U.S. which acquired 90% of the total issued and outstanding shares of each company consisting of the Cavalier Logistics Group, namely Cavalier Logistics Management II, Inc, Cavalier International Air Freight, Inc, and DC Dyna, Inc, in the US, and Cavalier Logistics U.K. Limited, in the UK.

The acquisition will provide us with business infrastructure that enables us to offer comprehensive logistics services for pharmaceuticals and healthcare products in the United States, the world's largest and fastest-growing market, and the United Kingdom. This also allows us to expand on the existing platform and provide continued mission critical logistics services for the U.S. Government. 

After the acquisition, we will maintain the brand of Cavalier Logistics Group and utilize the Pharma Logistics Network (PLN)*, an association of 34 forwarders in 34 countries administered by Cavalier Logistics Group. By utilizing PLN, our international pharmaceutical logistics network will be further expanded and strengthened, contributing to the overall expansion of our overseas business.

※ An industry association consisting of logistics providers specializing in the handling of pharmaceuticals, that provides a global network to meet the specific needs of pharmaceutical customers.