A.P. Moller – Maersk (Maersk) has acquired Netherlandic company B2C Europe Holding B.V. (B2C Europe), a logistics firm focusing on business-to-customer (B2C) parcel delivery services in Europe.
The transaction will enable Maersk to build up its end-to-end supply chain portfolio, while also providing Europe-wide last-mile rates to its customers in Europe, North America, and China through one interface.
According to a statement from Maersk, the acquisition is said to be worth $86 million after IFRS 16. Revenue is predicted to be around $140 million.
“With B2C Europe, we are closing the circle around our e-commerce logistics expansion. Our logistics product line-up growth continues to support our long-term plans to help customers sell through any sales channel, deliver in any way, and manage their supply chains seamlessly,” said Vincent Clerc, Executive Vice President and CEO of Ocean & Logistics at Maersk.
“This year, by adding Visible Supply Chain Management (Visible SCM), HUUB and now B2C Europe’s capabilities we set out the foundation to upscale our platform and e-commerce skills globally, building product returns cycle’s defining B2C supply chain success.”
José Vega Vázquez, CEO of B2C Europe, added “We look very much forward to the journey ahead. We put on the table expertise and skills which will enable Maersk’s customers to take full control and drive flexibility into their B2C supply chains.”
Maersk initially announced its intention to acquire B2C Europe in August 2021 while also obtaining control of Visible SCM, a B2C logistics company focused on parcel delivery and B2C fulfilment services. The transaction agreements to purchase Visible SCM for $838 million were signed on 28 June 2021.