Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.
Traxens, a company that provides equipment so that containers can be tracked, said that A.P. Møller – Maersk will join CMA CGM and MSC Mediterranean Shipping Company as a key shareholder and customer.
CMA CGM first invested in the startup in 2012, the year it was founded, and was later joined in 2016 by MSC.
Traxens said Maersk will invest capital in Traxens and have similar shareholder rights as CMA CGM and MSC. Maersk also has committed to order up to 50,000 Traxens devices, a similar order to those placed earlier by CMA CGM and MSC.
Traxens said in a press release that it “can now further focus on strengthening its solution and drive interoperability based on nonproprietary technologies and open standards. The development of Traxens as an open industry solution will benefit the strategic ambition of digitizing the container shipping industry.”
The location of Traxens-equipped containers can be tracked, and the company’s devices can transmit information about temperature, humidity level, shocks, vibrations and when the door of the containers have been opened and closed.