Logistics, Trade Administration and Supply Chain

Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire the German container shipping line Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft. In 2015, Hamburg Süd turned over some €6 billion and operated a total of 130 container ships. The sale and purchase agreement is subject to board approvals, which are expected during the second quarter of 2017. The transaction is expected to be completed by the end of 2017.-SCM News

Honeywell has signed an agreement to buy supply chain and warehouse automation company Intelligrated for $1.5billion. Once approved, Intelligrated will become a part of Honeywell’s automation and control solutions business. “E-commerce continues to grow at an unprecedented rate and customer demands for faster delivery times have created a need for warehouse, logistics and fulfillment solutions that can increase productivity and lower costs for our customers,” said Alex Ismail, president and CEO of Honeywell Automation and Control Solutions. “This acquisition fits with our vision for a connected industrial company and a connected worker.” The purchase is forecast to close by the end of the third quarter, subject to conditions and regulatory review.