The Strategist

Moller-Maersk to buy American Pilot Freight Services

02/10/2022 - 06:29

Danish maritime container carrier A.P. Moller-Maersk A/S will acquire Pilot Freight Services (Pilot) for $1.68 billion, according to Moller-Maersk’s press release.

"AP Moller-Maersk announces its intention to acquire Pilot Freight Services (Pilot), a leading U.S. provider of first, middle and last mile services and border crossing solutions, specializing in the North American oversize cargo segment," the statement said.

The company specifies that the deal is worth $1.68 billion. With the deal, the company will expand its logistics offerings to its customers, as well as provide a transition to e-commerce.

"The transition addresses multiple B2C segments such as retail, home goods and consumer electronics, as well as B2B segments such as aerospace, automotive and healthcare," Vincent Clerc, CEO of Ocean & Logistics, A.P. Moller - Maersk, is quoted in the release.

Pilot operates a facility-based transportation network in North America consisting of 87 stations and hubs through which shipments are transported and delivered to end customers.