A Copenhagen, Denmark-based company has acquired Salt Lake City, Utah-based Visible Supply Chain Management (Visible SCM) for $838 Million.

Due to this acquisition, Maersk will expand its services and solutions to the entire supply chain, combining with Visible SCM's e-commerce platform and parcel delivery systems.

Casey Adams, President at Visible SCM, stated the following:

"Teaming up with Maersk creates an exciting new chapter for our company and enables us to ensure every E-commerce business has access to an efficient, economical supply chain so they can win with their customers."

Visible SCM team members will join the team at Maersk to continue delivering strong service and keeping all customer-facing activities at a high pace.

To read the full press release, click here.

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