Maersk has continued its expansion into supply chain management services, agreeing to acquire Swedish customs specialist KGH Customs Services for Skr2.6bn (US$279m) from its private equity owner, Bridgepoint Development Capital.
The deal “corresponds with Maersk’s digital transformation journey”, it said, and appears to be the European equivalent of last year’s acquisition of US customs brokerage Vandegrift.
“There are no end-to-end solutions without customs clearance,” said Vincent Clerc, Ocean & Logistics CEO at …
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Source: The Loadstar