EC approves sale of Maersk Data to IBM
The European Commission said today it has approved the sale of Maersk Data, the information technology subsidiary of the A.P. Moller-Maersk group, to IBM Danmark A/S.
“The commission’s investigation has indicated that the IT services sector will remain competitive and that end-users will continue to have access to multiple sources of supply,” it said in a statement.
Maersk said it expects to close the sale Nov. 30. The transaction will result in a capital gain for A.P. Moller-Maersk of about DKK2.5 billion ($437 million).
Maersk's agreement to sell Maersk Data to IBM was signed Aug. 17.
EC approves sale of Maersk Data to IBM
