The worlds prominent logistic firm A.P. Moller – Maersk has reached an agreement with Bridgepoint Development Capital to acquire Sweden-based KGH Customs Services (KGH), specialist in trade and customs management services in Europe.
- The deal will enhance Maersks capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its customers.
- KGH expertise in different freight modes (air, ocean, land) and deep knowledge in selected industries, combined with innovative technology.
- KGH will significantly improve Maersks overall offering within customs services.
The major expansions and deals by Maersk are mentioned below:
February 2020: A.P. Moller Maersk had agreed to acquire a US-based warehousing and distribution company Performance Team for approximately $545 million. The acquisition of Performance Team will further strengthen the Maersk capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its customers.
December 2019: Maersk announced the opening of its new logistics centre in Bac Ninh to address the needs of a high-demand North Vietnam market. The new warehouse facility offers premium Warehousing and Distribution solutions to support our customers and the significant trade growth in the region.
November 2019: Maersk extended its partnership with Syngenta by signing a new contract for fourth-party logistics (4PL) concept. A 4PL logistics provider takes third-party logistics further by managing resources, technology, infrastructure and other logistics providers serving the client to design, build and provide customised supply chain solutions.
June 2019: Maersk started the construction of its first cold store in St. Petersburg, Russia. The new warehouse constructed by the Russian industrial developer PNK Group, the facility will be located within the PNK Park Sofiyskaya KAD in St. Petersburg and has 23 700 square metres, with 35 docks able to serve daily throughput of up to 200 trucks and the warehouse will employ more than 200 employees.
February 2019: Maersk announced that it had agreed to acquire a New Jersey, the USA based Vandegrift Inc. to strengthen and broaden the companys service offering to customers.
About A.P. Moller Maersk
A.P. Moller Maersk, headquartered in Copenhagen, Denmark is an integrated container logistics company. The company is one of the largest container ship and supply vessel operators across the world. The company has a dedicated team of more than 76,000 people, operating in around 130 countries of the world.
Maersks logistic network covers over 300 ports across the worldwide. The company provides a fast, reliable and regular connection to all corners of the world.