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World’s Biggest Container Liner Looks for Deals Outside Shipping

(Christian Wienberg – Bloomberg News)

The world’s largest container company will start looking for takeover targets outside the shipping industry as it tries to pre-empt a new competitive landscape in which customers are morphing into rivals.

Jakob Stausholm, A. P. Moller-Maersk A/S’s chief financial officer and head of transformation and strategy, says the company needs to expand its land-based activities to meet a growing need from clients.

“We’re currently very big in the ocean segment, and we’d rather grow in non-ocean, so it may be a good idea to look for M&A targets there,” Stausholm said in an interview Tuesday. Click here to read more.

Related: Reshaped Maersk Aims to Deliver Competition for UPS, Fedex (Reuters)