Maersk kicks MCI overboard
It is an investment by a Chinese global player: China International Marine Containers (CIMC), headquartered in Shenzen, has agreed with A.P. Moller - Maersk to buy Maersk Container Industry (MCI), a manufacturer of refrigerated containers.
In these challenging times for reefers in particular and boxes in general, the value of the transaction is USD 987.3 million on a cash and debt free basis (enterprise value). The agreement for CIMC to acquire MCI was signed on 27 September 2021 and is subject to regulatory approvals. The transaction is expected to close in or before 2022.
CIMC will take over MCI’s entire organisation and assets, which include the reefer factory in Qingdao, China, as well as its R&D and test engineering facilities in Tinglev, Denmark.
"The divestment of MCI is part of A.P. Moller - Maersk’s business transformation, where focus is on being an integrated container transport and logistics company creating customer value across the entire supply chain,” says Henriette Hallberg Thygesen, CEO of fleet & strategic brands at A.P. Moller - Maersk. (cd)