IBM To Buy Maersk Data

New York, Aug 17 | Updated: Aug 18 2004, 06:24am hrs
International Business Machines, the worlds biggest computer-services company, agreed to buy two Danish competitors to add consulting services for shipping and logistics companies.

IBM agreed to buy Maersk Data, the computer services unitof AP Moeller-Maersk, and DM Data, which is 45 per cent owned by Maersk Data, adding 3,700 employees, IBM spokeswoman Gillian Kenny said.

Armonk, New York-based IBM, also the worlds biggest computer maker, in May outlined a strategy for increasing sales of consulting services as demand for software cools. The services unit is now IBMs biggest and fast growing division.

The purchase will increase IBMs capabilities inserving clients in the transportation and logistics industry globally, Mr Kenny said.

According to industry sources, Maersk Data has deep shipping industry insight.

Services last year accounted for about half IBMs sales. The biggest portion of that came from services such as running other companies computer networks.