Senator will add expertise and product knowledge to Maersk’s existing network
AP Moller-Maersk (Maersk) announced the closing of the acquisition of Senator International, a well-renowned global company in freight forwarding.
Senator brings with it a strong organization and a well-developed airfreight network comprising own controlled flights and long-term partnerships with best-in-class airlines, a well-established full container load (FCL) and less than container load (LCL) network and specialized services such packaging, warehousing and distribution across five continents.
The acquisition will enable Maersk to offer an even wider range of products and the ability to provide flexible and integrated logistics solutions to our customers, allowing them to speed up or
slow down cargo depending on their changing supply chain needs.
“With Senator on board, we are ramping up our air freight capacity, network, and know-how significantly to cater even better for our customers,” stated Vincent Clerc, CEO, Ocean & Logistics, AP Moller-Maersk.
Senator will add their broad industry expertise and product knowledge to Maersk’s existing network and thus provide customers with increased flexibility and redundancy in their supply chains. The enterprise value of the transaction is approximately US$ 644mn.
“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,” explained Tim-Oliver Kirschbaum, CEO, Senator International.