IBM's acquisition of Danish companies Maersk Data and DMdata has been completed. The acquisition represents a multi-billion dollar emerging market opportunity as IBM moves into the business performance transformation services arena.
IBM also said that it has completed new contracts worth in excess of $1 billion with A.P. Moller - Maersk, one of the world's largest container shipping companies and Danske Bank, one of the largest banks in the Nordics for the provision of consulting and IT services.
IBM will provide A.P Moller - Maersk with management consulting, application development and management services in addition to IT infrastructure services across all platforms. IBM has for some time been running a large global SAP finance implementation project for A.P Moller Maersk and will now also be responsible for integrating it with the current legacy systems run by Maersk Data.
The acquisitions will greatly increase IBM¹s capabilities in serving clients in the transportation and logistics industry globally while also enhancing its capabilities in areas such as financial services, public sector, healthcare and the food and agriculture industries. The transaction recently received approval from European regulatory authorities. Terms of the acquisitions were not disclosed.