LONDON – On June 6, it was announced that A.P. Moller – Maersk, a Danish cargo giant, has acquired Senator International, a German logistics firm.
The New Acquisition
As part of Maersk’s rapidly growing air freight arm, this new acquisition of Senator International will aid them with providing improved air freight forwarding solutions.
To the table, Senator International, is bringing a well-developed air freight network that will significantly strengthen Maersk’s growth within the air freight industry.
This will enable access for Maersk to an existing set of controlled flights, additional partnerships, as well as additional FCL (full container load) and LCL (less than container load) networks.
Not only this but, Senator will also enable Maersk to be a lot more flexible with their customers’ needs allowing them to either speed up or slow down their cargo needs, depending on their required ever-changing demands.
This new acquisition is valued at approximately $644 million on a post-IFRS 16 basis (International Financial Reporting Standards).
Commenting on their new acquisition, A.P. Moller – Maersk’s Chief Executive Officer of Ocean and Logistics, Vincent Clerc, has said, “We are delighted to welcome the Senator team to our Maersk family.”
“As a global provider of integrated logistics, we are improving our ability to provide end-to-end solutions to our customers.”
“With Senator on board, we are ramping up our air freight capacity, network, and know-how significantly to cater even better for our customers.”
Adding to Clerc’s comments, Senator International’s Chief Executive Officer, Tim-Oliver Kirschbaum, says, “By joining Maersk, our customers will have access to a broader portfolio of products for their business needs and provide them with a single point of contact. It’s a perfect match, and we are really excited about the next chapter in our united journey.”
Within the aviation industry, Senator International, has been widely known by utilising Magma Aviation’s Boeing 747 Freighter fleet to help with its air freight forwarding services.
Magma currently operates a total of four Boeing 747 Freighter aircraft, all four of which are operated and maintained by Air Atlanta Icelandic, part of the Air Atlanta Group, who specialise in ACMI, Charter and Aircraft Management services.
What this means for Maersk…
This isn’t the only recent news regarding A.P. Moller – Maersk and its growing air freight network. Just two months ago, Maersk announced that it will be launching its own air freight arm, rightly named Maersk Air Cargo.
Coupled with this announcement, Maersk’s existing air carrier arm, Star Air, had transferred all of its services across to Maersk Air Cargo to help kick-start their own dedicated subsidiary.
Commenting back then on this announcement, A.P. Moller – Maersk’s Global Head of Logistics and Services, Aymeric Chandavoine, had said, “Air freight is a crucial enabler of flexibility and agility in global supply chains as it allows our customers to tackle time-critical supply chain challenges and provides transport mode options for high value cargo. We strongly believe in working closely with our customers.”
“Therefore, it is key for Maersk to also increase our presence in the global air cargo industry by introducing Maersk Air Cargo to cater even better for the needs of our customers.”
The new acquisition of Senator International will help bolster their new dedicated air freight subsidiary with more expertise and access to even more solutions to provide a significantly improved service to its customers.