A.P. Moller Maersk

Hapag-Lloyd said that the objective of this new offering will be to deliver a flexible and interconnected ocean network with industry-leading reliability. And Maersk explained that the Gemini Cooperation will provide unprecedented reliability, speed-to-market, and geographical reach, as well as continuing to support decarbonization and the company’s future intention to be a net-zero company.

Maersk officials said that the purchase price is $1.68 billion (USD), adding that the acquisition is subject to regulatory review and approval, which it expects to be obtained by the second quarter, with both Maersk and Pilot operating as independent businesses until the acquisition is made official.

Following its February announcement that it inked it inked an agreement to acquire El Segundo, Calif.-based Performance Team, a provider of warehousing and distribution service, in a move geared towards augmenting its end-to-end supply chain service offerings, Copenhagen, Denmark-based A.P. Moeller Maersk, an integrated container logistics services provider, announced yesterday that the deal has been made official.

In a move geared towards augmenting its end-to-end supply chain service offerings, Copenhagen, Denmark-based A.P. Moller Maersk, an integrated container logistics services provider, said yesterday it inked an agreement to acquire El Segundo, Calif.-based Performance Team, a provider of warehousing and distribution services.