Robert.Jervis_43227 Feb 15

Maersk acquires Vandegrift

Maersk acquires Vandegrift image

Maersk has announced the acquisition of Vandegrift Inc., a US-based customs brokerage and logistics business

The acquisition will strengthen Maersk’s logistics presence in North America whilst broadening its service offering to customers. Customs house brokerage is a key component in Maersk’s strategy to become an integrated container logistics company, providing end-to-end solutions to customers. The price nor terms have been disclosed.

Vandegrift is a customs brokerage business established in 1951. Its base is in New Jersey, US. The core business is customs brokerage with 170 people in 12 offices.

“Customers have been asking us to simplify the complexity of their global supply chains and reduce their risk, so we analysed the North America market to see who had the best reputation in the brokerage/trade compliance industry and deliver immediate results to all vertical segments of our account base. Our findings identified Vandegrift’s top tier, professional service provider reputation, strong operating platform of services, stellar people and culture ideally fit our expectations and commercial approach as One Company,” said, Klaus Rud Sejling, Head of Global Logistics and Services at Maersk.

“Joining Maersk represents an important opportunity to grow our Customs Brokerage business by combining our professional services into one stronger, seamless team for customers. Maersk’s role in global trade is truly special and we are thrilled to join them on their journey as the integrator of container logistics” said, Mitch Scher, Chief Executive Officer of Vandegrift.

Source: Ti

https://www.ti-insight.com/maersk-acquires-vandegrift