- We are delighted to welcome the Senator team to our Maersk family-said Vincent Clerc, CEO of Ocean & Logistics at Maersk.
- Maersk aims to have one-third of the annual air tonnage carried within its own controlled freight network.
- The takeover was initially announced back in October last year.
A.P. Moller – Maersk (Maersk) has completed its acquisition of Hamburg-based freight forwarding company Senator International., according to an article published in PORT TECHNOLOGY.
The takeover
Under this takeover, Maersk will make use of the firm’s well-developed airfreight network, well-established full container load and less than container load network, and specialized services in packaging, warehousing, and distribution across five continents.
This allows them to offer an even wider range of products and the ability to provide flexible and integrated logistics solutions, allowing customers to speed up or slow down cargo depending on their changing supply chain needs.
Warm welcome
“We are delighted to welcome the Senator team to our Maersk family. As a global provider of integrated logistics, we are improving our ability to provide end-to-end solutions to our customers. With Senator on board, we are ramping up our air freight capacity, network, and know-how significantly to cater even better for our customers,” said Vincent Clerc, CEO of Ocean & Logistics at Maersk.
The profit
The $644 million transaction that they invested in Senator, will add their broad industry expertise and product knowledge to Maersk’s existing network – providing customers with increased flexibility and redundancy in their supply chains.
“By joining Maersk, our customers will have access to a broader portfolio of products for their business needs and provide them with a single point of contact. It’s a perfect match, and we are really excited about the next chapter in our united journey.”, said CEO of Senator International
More investments
Maersk also recently completed its acquisition of B2C Europe, further enhancing its e-commerce portfolio across Europe. It has been rebranded and will now operate under Maersk’s E-Delivery product
The takeover was initially announced back in October last year.
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Source: PORT TECHNOLOGY
