Mazanti advises Maersk on its investment in Danish IoT startup Onomondo

Mazanti Transactions has advised Maersk Growth, the corporate venture arm of A.P. Moeller Maersk, in connection with its investment in Copenhagen-based Onomondo. This is Maersk's first Danish investment.

Onomondo, founded in 2012, is a global cellular operator for the Internet of Things (IoT), seeking to connect all devices on a common, global network. “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”, says Sune Stilling, Head of Maersk Growth.

“Connectivity is a key element in the A.P. Moller - Maersk strategy to simplify global supply chains and improve the customer experience. Digitizing our global asset base of cranes, containers and vessels creates new operational and commercial opportunities to pursue. Onomondo’s agnostic platform and automatic, programable network technology makes it easier, more secure and cost efficient to for us to stay ahead in the ever-evolving connectivity space”, said Klaus Bruun Egeberg, Head of Mobility and Connectivity, A.P. Moller - Maersk.

For more information related to the transaction, read here (in Danish) and here (in English).