Brief: Daiwa Motor Transportation announces business and capital alliance with Motion
14/06/2017 08:19
June 14(Reuters) - Daiwa Motor Transportation Co Ltd
9082.T
* Says it signed an agreement of business and capital
alliance with Motion Inc, on June 14
* Says two entities will cooperate on enhancement of
competitiveness depending on digitization, development and
provision of new transportation service, as well as improvement
of productivity using data analysis technology
* It's expected to set up a joint venture by the two
companies
* The company will acquire 20 percent stake in Motion
through private placement
Source text in Japanese:https://goo.gl/eZ1MJT
Further company coverage: 9082.T
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