Maersk to Start Crew Change Sea News

MAERSK Expands As They Acquires E-Commerce Tech Startup-HUBB

Maersk is actively focused in expanding their e-commerce presence by various acquires they have done in the past. The latest one is HUBB, which is a Portuguese start up using cloud based facilities. This firm has specialization in B2C warehousing for fashion Industry. B2C means from seller to consumer directly with no middle man, usually a popular system for e commerce where seller is directly dealing with consumer. The exact price at which this deal was done is not yet confirmed. In August Maersk Acquired VCM-Visibile Supply Chain Mangement for $838 Million to increase their footprints in e-commerce.

MAERSK GROWTH, the arm of AP Moller Maersk Business is engaged in this acquisition. Recently they also bought stakes in Methanol based startup; you can read more about it here: Maersk Buy Stake in Methanol Startup 

MG Staff
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