Maersk to buy Brostrom

Source: Supply Chain Digital

Date :27/08/2008 10:11:11

A.P Moeller-Maersk A/S, the world's biggest container shipper, has agreed to buy the logistics provider for SEK3.62 billion.

The addition of Brostrom's 94 product tankers will take Maersk’s existing fleet in that category to more than 130 vessels and will help it tap demand from the energy industry.

“The scale of the combined operation will enable us to offer a superior worldwide service through a large, modern and homogeneous fleet,” commented Søren Skou (pictured), Chief Executive of Maersk Tankers.

“We need scale to ensure our organization is cost effective and for customers to have easy access to chartering offices globally.”

Maersk’s SEK57 per share offer has been unanimously recommended by the Brostrom board.