AP Moller goes for Traxens too
The Marseille (France)-headquartered data service provider Traxens and A.P. Moller–Maersk have announced that Maersk will join CMA CGM and the Mediterranean Shipping Company (MSC) as a key shareholder and customer of Traxens.
Founded in 2012, Traxens created, inter alia, a container monitoring and coordination solution. CMA CGM first invested in the startup in 2012, bought more shares in 2015 and was later joined by MSC in 2016.
The agreement will see Maersk invest capital in Traxens, in which it will have similar shareholder rights as CMA CGM and MSC. Maersk also commits to order up to 50,000 Traxens devices, a similar order to those placed earlier by CMA CGM and MSC.
The development of Traxens as an open industry solution will benefit the strategic ambition of digitalising the container shipping industry. (kd)