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Maersk invests in IoT network company

December 02, 2019 / A.P. Moller
SHARESHARESHARE

The investment is for an undisclosed amount, and is being made by Maersk Growth. In a statement the company said A.P. Moller - Maersk “has chosen the solution as an enabler to stay ahead in the pursuit of further digitising its global asset base”. Onomondo, founded by Michael Freundt Karlsen and Henrik Aagaard in 2012, 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 digitizing its global asset base. We are impressed with the team and its progress so far. With our expertise and access we believe that Onomondo will further accelerate and scale the business in the next stages of its exciting journey”, said Sune Stilling, Head of Maersk Growth.