Maersk Invests in Danish Startup Onomondo (28 NOV 2019)

Maersk Growth, the corporate venture arm of Danish shipping giant Maersk, has invested in compatriot startup Onomondo.

Founded in 2012, Onomondo is a global cellular operator for the Internet of Things (IoT), working to connect and simplify enterprise-grade connected services across the globe.

“Onomondo is in the market with a proven technology that enables A.P. Moller – Maersk to more efficiently reap the benefits of digitising its global asset base,” Sune Stilling, Head of Maersk Growth, commented.

As explained, Maersk aims to integrate Onomondo’s connectivity solution into its global business, making it easier, cheaper and safer to connect IoT devices such as cranes, trucks, vessels and containers around the world.

“Connectivity is a key element in the A.P. Moller – Maersk strategy to simplify global supply chains and improve the customer experience. Digitising our global asset base of cranes, containers and vessels creates new operational and commercial opportunities to pursue,” according to Klaus Bruun Egeberg, Head of Mobility and Connectivity, A.P. Moller – Maersk.

“Onomondo’s efficient platform and network technology make it easier, more secure and more cost-efficient for us to stay ahead in the ever-evolving connectivity space,” Egeberg added.

“We see significant value in the strategic alignment between Maersk’s position as a global leader in logistics and transport and Onomondo’s … technology platform capable of merging different mobile networks around the world with a seamless user experience,” Michael Freundt Karlsen, Co-Founder & CEO at Onomondo, said.

Maersk runs a fleet of over 700 vessels and performs more than 90,000 port calls in 400 ports every year, handling over 12 million containers while operating more than 70 container terminals around the world equipped with cranes, trucks and hardware that all rely on connections to the internet.