Danish Maersk to buy Pilot Freight Services for $1.68 billion
Photo: AP Moller – Maersk
Pilot Freight Services, specializing in the bulk and bulk freight segment in North America for business-to-consumer (B2C) and business-to-business (B2B) distribution models, will add new services in the fast bulk and bulk e-commerce segment to improve -sales opportunities.
With the acquisition of Pilot Freight Services, Maersk will also complement previous acquisitions that have been implemented to offer integrated logistics solutions in North America, including Performance Team (PT) (B2B warehousing and distribution) and Visible SCM (warehousing and e-commerce parcels). Distribution). It will also create significant cost synergies by leveraging the capabilities of different parts of the service solutions, as noted in the company’s press release.
Denmark’s AP Moller – Maersk, an integrated logistics company, announces the acquisition of Pilot Freight Services, a leading US provider of first, mid and last mile solutions, as well as border crossing solutions for 1, $68 billion to expand its support for customers with approximately 150 locations in the United States, including fulfillment centers, hubs and stations.
“By investing in and integrating the first mile, middle mile and last middle mile, we are responding to a clear customer demand. This acquisition will add even more supply chain expertise and capability to customers facing capacity constraints and multiple handoffs with suppliers in the B2C and B2B space. After this transaction closes, we will be able to help them build stronger, more integrated supply chains with better visibility and better outcomes for consumers. We look forward to welcoming the pilot team aboard the AP Moller – Maersk family,” said Narin Phol, Regional General Manager of Maersk North America.
“We are looking forward to joining Maersk. This is the ideal outcome for our customers, our business and our employees who will be able to benefit from the ambitious transformation of the simplification and integration of global supply chains, which will allow us to be more efficient,” said declared Zach Pollock, CEO of Pilot Freight Services.
The acquisition is subject to regulatory review and approval which is expected to be obtained by the second quarter (Q2) of fiscal 2022.
The two companies will operate independently until then.
Fibre2Fashion (SF) News Desk