Company news

Maersk acquires Performance to increase warehousing and freight volumes

Published by February 26,2020

AP Moller Maersk will acquire U.S. warehousing and distribution company Performance Team for $ 545 million to enhance the shipping giant's ability to meet customer demand for end-use supply chains.

 

Maersk said the total purchase price includes $ 225 million in lease liabilities. The transaction is subject to regulatory approval and is expected to be completed on April 1.

 

 

"With this acquisition, we will invest in advanced operational capabilities to greatly enhance our existing warehousing and distribution products. This will enhance our ability to deliver products and solutions." "

 

"With a strong platform, performance teams are very useful for Maersk as they complement our current warehousing and distribution recommendations for North American customers and will drive future growth."
 

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