IBM in Denmark expected to cash in on Maersk acquisition  

2005.08.16
IBM's Danish division is estimated to gain DKK 200-500 mn from the acquisition of Dutch shipping company P&O Nedlloyd by Denmark's largest concern A.P. Moller – Maersk

IBM's Danish division is expected to gain DKK 200-500 mn from A.P. Moller – Maersk's acquisition of the Dutch shipping company P&O Nedlloyd, a deal which was finalised last week. The IT platform of P&O Nedlloyd will be transferred to the A.P.Moller – Maersk platform which is based on IBM's solutions for the transport industry. Industry experts estimate the value to IBM to be in the range of DKK 200-500 mn (USD 34-85 mn).

A.P.Moller – Maersk has declined to disclose the price of streamlining the IT systems, but it is estimated that the group will spend DKK 3 bn (USD 510 mn) to create the world's largest shipping company following the acquisition, Maersk Line, of which a proportion will be spent on IT changes.

Michael Lund Hansen, director of Transport & Logistics at IBM Denmark is guarded over how much the buy-up will benefit IBM: "Maersk is already our largest customer, and the acquisition of P&O Nedlloyd will affect the collaboration positively for us. It is commonly known that Maersk Sealand has grown considerably over many years, and the news is in a way a continuation of that growth, also concerning the IT platform", he says.

The Transport & Logistics division of IBM Denmark is in a significant growth phase. Since January, the division has taken on 100 new staff, and more are expected to be employed during the rest of this year. The news is reported by financial daily newspaper Børsen.

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