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Danish company Maersk to acquire e-com logistics firms in Europe, US

13 Aug '21

2 min read

Pic: Maersk

Danish integrated container logistics company A.P. Moller-Maersk (Maersk) recently announced acquiring Salt Lake City, Utah-headquartered Visible Supply Chain Management (Visible SCM), a business-to-consumer (B2C) logistics company focused on parcel delivery and fulfillment services in the United States.

It also announced its intention to acquire The Netherlands-based B2C Europe Holding B.V. a business-to-consumer logistics firm focused on Europe.

Maersk operates in 130 countries.

“The two acquisitions will address this customer trend and strengthen Maersk’s e-commerce logistics products suite in line with its strategic business transformation,” the company said in a statement.

“The acquisitions will provide Maersk with a strong growth platform in the rapidly evolving field of E-commerce, where our investments in digitalization and integration will create significant synergies and make a big difference for customers’ ability to sell across multiple channels effectively. Furthermore, they will allow us to have a more comprehensive offering towards small and medium sized customers,” said Vincent Clerc, Maersk chief executive officer for ocean and logistics.

Visible SCM operates nine fulfillment centres in the United States, complementing Maersk’s current warehouse presence in North America. It handles 200,000 orders a day and enables 200 million parcels a year through its proprietary technology solutions with 99.8 per cent order accuracy.

The acquisition of B2C Europe will enable Maersk to offer Europe-wide last mile rates to customers through one simplified interface and the convenience of full control and visibility on all parcel deliveries.

The definitive transaction agreements with Visible SCM and B2C Europe were signed on June 28 and August 5 respectively. The transaction with the former was closed on August 2, while the one with the latter is expected to be closed in the fourth quarter of this year.

Fibre2Fashion News Desk (DS)

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