10 October 2012 – Damco, the global freight forwarder and logistics provider, will acquire PacNet, a leading freight forwarder in China and Australia. Damco is the logistics arm of the A.P. Moller-Maersk Group, with 10,800 employees worldwide and a turnover of USD 2.8 billion in 2011. PacNet, headquartered in Australia, has 382 employees and a turnover of USD 180 million in FY2011.
By Alex Lennane