Damco to re-locate headquarters to The Hague, Netherlands
Company officials said the move should be completed during the first quarter of 2013
in the NewsState of Logistics 2016: Pursue mutual benefit Differing comments prevail for STB’s proposed reciprocal switching regulations AAR reports mixed carload and intermodal volumes for week ending October 22 NAM to lead coordination and production of Manufacturing Day XPO Logistics sells North American truckload business to TransForce More News
Damco, a global third-party logistics (3PL) and freight forwarding subsidiary of A.P. Moller-Maersk Group, announced this week that it is re-locating its headquarters from Copenhagen, Denmark to The Hague, Netherlands.
Company officials said the move should be completed during the first quarter of 2013, and they added that this move “brings Damco closer to the heart of the European logistics community and supports its strategy to become a Top 5 industry player.” And they also said that it will enable Damco to further optimize its cost structure, bringing it closer to the level of its primary competitors in the region.
In an interview with LM, Damco CEO Rolf Habben-Jansen said that the decision to move Damco HQ is a natural step in Damco’s overall development.
“The Hague was chosen after careful evaluation that took more than a year, because we consider it the best location when we take all factors into account: it is closer to the heart of the European logistics industry (our customers, carriers, transport hubs and talent pool), costs are lower, we have an established presence and good experience already with APM Terminals—and yet it is still close to Copenhagen and The Group,” he said.
The relocation to the Netherlands is not expected to affect day-to-day operations in any way, he explained.
When asked what the main benefits of this move are for Damco from a competitive perspective, Habben-Jansen explained how it will help Damco to be even more competitive and put Damco in the heart of the European logistics business.
“It brings senior management closer to many of our customers, carriers, the major air and ocean transportation hubs, not to mention the competition as well as and the kind of additional international logistics experience we’ll be looking to hire as we continue to grow,” he said.
Damco said the moving process will kick off towards the end of the fourth quarter and added there are about 150 positions in Damco’s Copenhagen headquarters, save for Except for about 75 positions that will remain in Copenhagen to continue handling IT functions.
About the AuthorJeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
European Logistics Update: Post-Brexit U.K. moving ahead, but in which direction? Badcock Home Furniture &more: Out with paper, in with Cloud TMS View More From this Issue