Thursday, February 14, 2019

Container Shipping Giant Expands with US Customs Broker Acquisition

Integrated Logistics is the Name of the Game for the Big Players
Shipping News Feature
US – AP Moller-Maersk has announced the acquisition of Vandegrift, a US-based Customs House Broker, representing the first acquisition of the year in what is proving to be a fast-growing diversification in the logistics sector. The Danish shipping and maritime services group said that Customs House Brokerage is a key component in its strategy to become an integrated container logistics company, providing end-to-end solutions to customers. The acquisition will look to enhance Maersk's commercial solutions pipeline and strengthen the logistics presence in the North America market.

Vandergrift is a customs brokerage business established in 1951 which claims to have evolved to meet the changing needs of international trade, industry trends and client commitments. Based in Clark, New Jersey the core business is customs brokerage with 170 people in twelve offices. The company also specialises in Trade Compliance with its team of former US Customs and Border Protection (CBP) officials as well as individuals with backgrounds in customs brokerage, retail and law. Klaus Rud Sejling, Head of Global Logistics and Services at Maersk, commented:

“Customers have been asking us to simplify the complexity of their global supply chains and reduce their risk so we analysed the North America market to see who had the best reputation in the brokerage/trade compliance industry and deliver immediate results to all vertical segments of our account base. Our findings identified Vandegrift’s top tier, professional service provider reputation, strong operating platform of services, stellar people and culture ideally fit our expectations and commercial approach as One Company.

“Transportation costs and trade compliance risk management are a strategic issue for our customers. We believe we have an opportunity to better design a more holistic customs brokerage and trade compliance plan and overarching strategy for customers. This will set them up for long term success, improve their cost and risk structures and use our combined team expertise, digital tools and process improvement thanks to this acquisition.”