February 13, 2019, PortandTerminal.com
Florham Park, New Jersey – Maersk announced yesterday that it has acquired New Jersey-based customs broker Vandegrift for an undisclosed sum. The acquisition will roughly triple the staff, transactions and revenue of Maersk’s existing brokerage business in North America, according to the Wall Street Journal.
Why did Maersk acquire Vandegrift?
Maersk, along with several of its competitors, has been working in recent years to offer more inclusive supply chains services to bolster margins and brand loyalty. With the purchase of Vandegrift, Maersk will be able to offer its customers a more streamlined service with fewer touchpoints and better visibility.
In an interview with the Financial Times earlier this month, Søren Skou, CEO of Maersk, made clear his acquisition priorities for the company moving forward.
Any acquisitions he said, would be to bulk up the non-ocean parts of the Maersk business, specifically land logistics and running companies’ supply chains or warehouses. He pointed out that only one in five Maersk customers uses it for the land side. “One hundred per cent need a truck to get to and from the port,” he added.
“Only one in five Maersk customers uses it for the land side. One hundred per cent need a truck to get to and from the port”
The 68-year-old brokerage firm specializes in trade compliance and comes with a team of former U.S. Customs and Border Protection (CBP) officials, and staff with backgrounds in customs brokerage, retail and law, Maersk said. The brokerage will now be called Vandegrift — a Maersk Company.
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