TOKYO -- A fast-moving program of acquisitions and structural reform under private equity firm KKR's ownership has helped Japanese shipper Logisteed approach 1 trillion yen ($6.41 billion) in revenue and aim for a return to public markets, even in a turbulent environment.
U.S.-based KKR acquired the company, then known as Hitachi Transport System, in 2023 for about 670 billion yen, delisting it and changing its name to Logisteed -- a portmanteau of "logistics" and "speed."
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