News Release

June 21, 2024
Konoike Transport Co., Ltd.

Strengthening in the Key Businesses of India and Medical, Konoike Transport
Acquires Shares in Indian Surgical Instrument & Equipment Sterilization Company— Stepping Up Growth in the Expanding Indian Medical Market —On Thursday June 20, 2024, Konoike Transport Co., Ltd. (Headquarters: Chuo-ku, Osaka,
Japan; Representative Director, Chairman, President and Chief Executive Officer: Tadahiko
Konoike; hereinafter “Konoike Transport”) acquired 82% of the shares of SPD India
Healthcare Pvt. Ltd. (Headquarters: New Delhi, India; Representative: Hitesh Mehta;
hereinafter “SPD”), an Indian Surgical Instrument & Equipment Sterilization Company.
SPD is one of only a few surgical equipment sterilization contractors in India, providing
sterilization services for surgical instruments and other medical equipment, as well as sales
and rental of medical equipment, sterilization education programs, and comprehensive
support services such as sterilization consulting for medical institutions.
For many years, the KONOIKE Group has been providing medical institutions in Japan
with cleaning and sterilization services for surgical instruments and medical equipment,
as well as in-hospital logistics and operating room support services. We also design andoperate distribution centers for manufacturers and wholesalers in the medical industry,transport specimens and regenerative medical products, and provide integrated medicalrelated logistics services from upstream to downstream *1, including the import, productinspection, transportation, and delivery of medical equipment, and maintenance for reused
medical equipment.
In India, Carna Medical Database Pvt. Ltd. (Headquarters: Gurugram, Haryana, India;
hereinafter “Carna Medical”*2), a medical services company, has been working on thecreation of a database of medical supplies, hospitals, and doctors to solve issues regarding
management systems and distribution infrastructure in the Indian medical industry, andbased on the good relationships it has built with both the Japanese and Indian governments
and healthcare-related institutions, it provides support for Japanese companies entering thehealthcare market in India.
*1: Konoike Transport website — “Overview of Medical Services”
https://www.konoike.net/en/solution/servicelineup/medical/*2: https://www.konoike.net/en/company/group/india/carna-medical-database/
A joint venture with Medius Holdings Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo)

In India, with a growing population and economy, as well as the government’s policy ofexpanding healthcare provision, the number of hospitals per capita is increasing, and thehealthcare market is expanding at a faster pace than the economy. In addition, there isgrowing concern among the growing upper and middle classes about the quality of health1care. Konoike Transport has positioned its Medical and India business as one of its key
businesses in its Medium-Term Management Plan (for FY 3/2023–3/2025) *3 and bybringing SPD into the KONOIKE Group, it aims to grow in the Indian market, whereoutsourcing of hospital operations is still in its infancy.
*3: “Explanatory materials for the new Medium-Term Management Plan”
https://ssl4.eir-parts.net/doc /9025/ir_material_for_fiscal_ym3/119145/00.pdf■Konoike Transport Executive Officer Executive General Manager, Medical Division
Hideki Takami
As India’s national income increases, the nation’s healthcare needs continue to grow.
Konoike Transport has been operating a medical business in Japan for some 30 years. In2013, we established Carna Medical to build a similar business in India, and have madeefforts to ascertain the state of medical care in the country, starting with a database businessfor medical equipment, as well as developing closer ties with related organizations. With theaddition of SPD, one of India’s leading surgical equipment sterilization contractors, to theGroup, we intend to step up the expansion of our medical business throughout India.
■SPD Representative Hitesh Mehta
Becoming a part of the Konoike group signifies a strategic decision to propel our company
to new heights. This merger promises a plethora of advantages, foremost among them being
the synergies we anticipate. By combining our strengths with those of the Konoike group,
we expect to achieve greater efficiency in operations and a more robust market presence.
Furthermore, access to their extensive resources and networks opens doors to expanded
opportunities for growth and innovation. Aligning with Konoike's vision also amplifies ourcommitment to sustainability and corporate responsibility, ensuring that we remain at theforefront of positive change in our industry.

■Overview of SPD India Healthcare Pvt. Ltd.（https://spdindia.com/）Business

SPD India Healthcare Pvt.

NameLtd.

HeadOffice
FoundedRepresentative

Chief Executive Officer

Hitesh Mehta

Z-30, Okhla Industrial Area, Phase-II, New Delhi 110020
2017

Incorporated

2017

Onsite sterilization services in hospitals, offsite sterilization services for
Business

hospitals, outsource sterilization of medical materials prior to shipment,
sales of medical supplies, etc.

2

■ Overview of Konoike Transport Co., Ltd. : (https://www.konoike.net/en/)
The KONOIKE Group is a professional organization that continually challenges itself to solve
society’s problems and innovate, going beyond the boundaries of logistics and expanding into
manufacturing, medical, airport operations, and more.
BusinessNameTadahiko Konoike,Konoike Transport Co., Ltd.
*"Prime Market" segment of the Tokyo Stock

Representative

Exchange

Osaka
HeadOffice
FoundedCapitalStock
Net Sales

4-3-9 Fushimimachi, Chuo-ku,

Chairman, President and Chief
Executive Officer

Tokyo HeadOsaka
May 1880

Representative Director,Office
Incorporated

6-10-1 Ginza, Chuo-ku, Tokyo
May 30, 1945
Approx. 24,000 (total number as

1,723 million yen

Employeesa group)*Temporary staff included

315,029 million yenOperating

16,634million yen(Consolidated)

Income(Consolidated)

Steel business, Engineering business, Food related business / TemperatureBusiness

controlled logistics, Food products related business, Life related business, Medicalbusiness, Airport business, International logistics business and India business*Capital stock, employees, net sales and operating income are as of March 31, 2024

●Company names and product/service names mentioned in this press release are registered trademarks
or trademarks of their respective companies.

For press inquiries, please use the inquiry form on the Contact page of the KONOIKE Group’sGlobal website:
https://www.konoike.net/en/contact/ir_pr/3