• About MTB
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
Delegate Login
MTB Events
  • Home
  • MTB Marine
    • All Upcoming Marine Events
    • MTB Workboats 2022
    • MTB Marine Europe 2022
    • MTB Marine Americas 2023
    • MTB Superyachts 2023
    • MTB Marine Asia 2023
  • MTB Energy
    • All Upcoming Energy Events
    • MTB Oil & Gas 2022
  • MTB Aviation
    • All Upcoming Aviation Events
    • MTB Aviation 2022
    • MTB Airports Airside 2022
    • MTB Aviation Asia 2023
  • Sector NewsUpdated
    • All
    • Aviation
    • Energy
    • Marine
    Kuehne+Nagel

    Kuehne+Nagel committed to ship 40,000 TEUs on biofuel

    Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

    Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

    Custom Line Navetta 50

    Introducing the new Custom Line Navetta 50

    Etihad Airways

    Etihad Airways named airline ratings ‘Environmental Airline of the Year 2022’

    Royal Huisman

    Project 406: The stage is set

    Uzbekistan

    flydubai becomes the first carrier to operate flights to Samarkand from the UAE

    Trending Tags

    • Airports
    • Aviation
    • Marine
    • Oil & Gas
    • Renewables
    • Superyachts
    • Workboats
  • Testimonials
    • Testimonials
    • Video Highlights
  • Event Galleries
  • About MTB
    • About Meet The Buyer Events
    • How It Works
  • Contact
No Result
View All Result
  • Home
  • MTB Marine
    • All Upcoming Marine Events
    • MTB Workboats 2022
    • MTB Marine Europe 2022
    • MTB Marine Americas 2023
    • MTB Superyachts 2023
    • MTB Marine Asia 2023
  • MTB Energy
    • All Upcoming Energy Events
    • MTB Oil & Gas 2022
  • MTB Aviation
    • All Upcoming Aviation Events
    • MTB Aviation 2022
    • MTB Airports Airside 2022
    • MTB Aviation Asia 2023
  • Sector NewsUpdated
    • All
    • Aviation
    • Energy
    • Marine
    Kuehne+Nagel

    Kuehne+Nagel committed to ship 40,000 TEUs on biofuel

    Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

    Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

    Custom Line Navetta 50

    Introducing the new Custom Line Navetta 50

    Etihad Airways

    Etihad Airways named airline ratings ‘Environmental Airline of the Year 2022’

    Royal Huisman

    Project 406: The stage is set

    Uzbekistan

    flydubai becomes the first carrier to operate flights to Samarkand from the UAE

    Trending Tags

    • Airports
    • Aviation
    • Marine
    • Oil & Gas
    • Renewables
    • Superyachts
    • Workboats
  • Testimonials
    • Testimonials
    • Video Highlights
  • Event Galleries
  • About MTB
    • About Meet The Buyer Events
    • How It Works
  • Contact
No Result
View All Result
MTB Events
No Result
View All Result

Home > News > Maersk to divest its container manufacturer to CIMC

Maersk to divest its container manufacturer to CIMC

MTB Editor by MTB Editor
29th September 2021
in Marine, News
0
Maersk
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

China International Marine Containers Ltd., a global leader in logistics and energy equipment, will acquire the A.P. Moller – Maersk owned Maersk Container Industry.

The container logistics company A.P. Moller – Maersk (Maersk) signed an agreement on Monday 27 September 2021 to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC), headquartered in Shenzhen, China and listed on the Shenzhen Stock Exchange and Hong Kong Stock Exchange.

MCI will become part of a market leading company in the container equipment industry. 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.

“We believe that we in CIMC have found a good long-term owner of MCI. 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 in A.P. Moller – Maersk and continues:

“While strengthening the synergies between the core businesses of our global integrator offering, we have reviewed the strategic fit of MCI and decided to find a new home for MCI that can ensure that the company continues to grow its reefer business through continued development and committed investments from a new owner. We have had a close relationship with CIMC for more than 30 years and we look forward to continue that partnership.”

Founded by Maersk in 1991, MCI has been a part of the company for more than 30 years. Over the years it has transformed into a business focusing entirely on manufacturing refrigerated containers and in 2020, the company delivered its most profitable result since its foundation.

Maersk

CIMC want to continue MCI’s trajectory of increasing sales and investing in new product development and believe that bringing MCI into its group will allow it to do this.

Mr. Mai Boliang, Chairman and CEO of CIMC says “By leveraging technology and innovation we want to create a new growth platform within cold chain. I look forward to welcoming MCI as I am very impressed by the company’s results and innovation. I am convinced that by combining MCI’s talented people and technologies with our global refrigeration business we will create an exciting future together as a key partner for our customers.”

Star Cool will remain a key part of the way Maersk supports its customers’ cold chain needs as Maersk will continue its cooperation with MCI in the future.

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 September 27, 2021 and is subject to regulatory approvals. The transaction is expected to close in or before 2022. Until closing, CIMC and MCI remain two separate companies and continue to run their businesses as usual.

Credit: Maersk

Tags: CIMCContainer IndustryMaerskMarine
Previous Post

Volotea, Air Nostrum and Dante Aeronautical unveil plans for a first 100% electric aircraft

Next Post

Petrofac signs strategic partnership with green hydrogen firm, Protium

MTB Editor

MTB Editor

Next Post
Petrofac signs strategic partnership with green hydrogen firm, Protium

Petrofac signs strategic partnership with green hydrogen firm, Protium

Upcoming MTB Events

Dubrovnik
07 - 10 September 2022

MTB Aviation 2022

Sun Gardens, Dubrovnik, Na Moru 1, 20235 Orašac, Dubrovnik, Croatia

View Detail
21 - 24 September 2022

MTB Workboats 2022

Oatlands Park Hotel, Surrey UK, 146 Oatlands Dr, Weybridge KT13 9HB

View Detail
MTB Marine Europe 2022
12 - 15 October 2022

MTB Marine Europe 2022

Divani Apollon Palace & Thalasso, Athens, Agiou Nikolaou 10, Vouliagmeni 166 71, Greece

View Detail
Dubai
25 - 28 October 2022

MTB Airports Airside 2022

Hyatt Regency, Dubai, Deira, P.O. Box 5588, Dubai, United Arab Emirates

View Detail
Oil & Gas 2022
07 - 10 November 2022

MTB Oil & Gas 2022

The Westin, Abu Dhabi, The Westin, Abu Dhabi

View Detail
MTB Marine Americas 2023
08 - 11 March 2023

MTB Marine Americas 2023

Miami, Miami

View Detail
MTB Marine Asia 2023
12 - 15 April 2023

MTB Marine Asia 2023

Seoul, Seoul

View Detail
MTB Aviation Asia 2023
10 - 13 May 2023

MTB Aviation Asia 2023

Grand Hyatt Erawan, Bangkok, 494 Rajdamri Road, Bangkok, Thailand, 10330

View Detail
MTB Superyachts 2023
07 - 10 June 2023

MTB Superyachts 2023

Malta, Malta

View Detail
No event found!

  • Trending
  • Comments
  • Latest
MTB Events Launches Industry News Platform

MTB Events Launches Industry News Platform

29th December 2020
E-Boarding Gates

Launch of e-Boarding Gates at Hong Kong International Airport

26th January 2021
MTB Superyachts 2021

MTB Events is proud to announce the relaunch of live events

9th September 2021
Stansted Airport

£70m baggage system ready for take-off at Stansted Airport

25th May 2021
Adrian Dunne

Adrian Dunne appointed Executive Vice President Operations at Norwegian

26th March 2021
Kuehne+Nagel

Kuehne+Nagel committed to ship 40,000 TEUs on biofuel

0
110M Kaos Redelivered at Lürssen in Hamburg

110M Kaos Redelivered at Lürssen in Hamburg

0
Newest Design of Moonen Yachts Revealed

Newest Design of Moonen Yachts Revealed

0
$75M Mariner Contract – Wood has it secured with Equinor

$75M Mariner Contract – Wood has it secured with Equinor

0
Seven Vega – Newbuild reel-lay vessel Joined Subsea 7 Fleet

Seven Vega – Newbuild reel-lay vessel Joined Subsea 7 Fleet

0
Kuehne+Nagel

Kuehne+Nagel committed to ship 40,000 TEUs on biofuel

9th August 2022
Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

2nd August 2022
Custom Line Navetta 50

Introducing the new Custom Line Navetta 50

26th July 2022
Etihad Airways

Etihad Airways named airline ratings ‘Environmental Airline of the Year 2022’

25th July 2022
Royal Huisman

Project 406: The stage is set

20th July 2022

MTB Events

Theta House
Doman Road
Camberley
Surrey
GU15 3DN

info@mtbevents.com
Tel: +44 1276 682898

Follow Us

Global Events Schedule

  • MTB Marine Events
    • MTB Workboats 2022
    • MTB Marine Europe 2022
    • MTB Marine Americas 2023
    • MTB Superyachts 2023
    • MTB Marine Asia 2023
  • MTB Energy Events
    • MTB Oil & Gas 2022
  • MTB Aviation Events
    • MTB Aviation 2022
    • MTB Airports Airside 2022
    • MTB Aviation Asia 2023

Newsletter Registration

Recent News

Kuehne+Nagel

Kuehne+Nagel committed to ship 40,000 TEUs on biofuel

9th August 2022
Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

Virgin Atlantic elevates customer experience revealing state of the art airbus A330neo

2nd August 2022
Custom Line Navetta 50

Introducing the new Custom Line Navetta 50

26th July 2022
  • About MTB
  • Privacy Policy
  • Terms & Conditions
  • Contact Us

© 2022 Premium WordPress development from Strategies.

No Result
View All Result
  • Home
  • MTB Marine Events
    • MTB Workboats 2022
    • MTB Marine Europe 2022
    • MTB Marine Americas 2023
    • MTB Superyachts 2023
    • MTB Marine Asia 2023
  • MTB Energy Events
    • MTB Oil & Gas 2022
  • MTB Aviation Events
    • MTB Aviation 2022
    • MTB Airports Airside 2022
    • MTB Aviation Asia 2023
  • Testimonials
  • Event Galleries
  • About MTB Events
    • How It Works
  • Contact Us
  • Delegate Login

© 2022 Premium WordPress development from Strategies.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist