Microsoft is acquiring logistics company Ports of Malta, which is a logistics platform for shipping and distribution in the EU.
The company provides a platform to support the shipping and delivery of goods.
Port logistics will be headed by Peter Deutsch, who has been at Microsoft for nearly two decades.
Port has been operating under a joint venture with the Norwegian-owned and based company Hartschoten, which handles international logistics.
Hartscho is part of the shipping company Norwegian Ship, which has been running operations for nearly a decade.
As part of its acquisition, Port will continue to operate as a standalone company with its own internal and external management, and will focus on delivering shipping and logistics services to its customers.
The acquisition was made at Microsoft’s BUILD conference on Tuesday.
Microsoft plans to make the deal subject to regulatory approvals, and the company will also be required to divest Port’s current operations.
The deal is expected to close in the first half of 2021.
The port group is based in Malta, where it is the world’s third largest port operator and a major exporter of food, consumer goods, and other goods.
The group has over 20,000 employees in the U.K., Germany, France, and Italy.
In the U.”port of Malta is also a member of the European Union, a trading bloc that provides an economic lifeline to the region.
Port also serves as the largest logistics and distribution center for the United Kingdom.
Port is based at the city of Algiers, where the company operates logistics centers in the UK, Germany, Italy, Spain, and Greece.
“This acquisition is a natural extension of our existing relationship with Microsoft. “
We are excited about the opportunities to work together with Microsoft to provide our customers with better shipping and freight solutions, as well as better delivery and delivery experience,” said Hartschee, CEO of Ports of France.
“This acquisition is a natural extension of our existing relationship with Microsoft.
The Port of Malta has been a long-standing customer of ours, and we look forward to expanding our relationship with them in the future.”
Port has a global network of more than 10,000 logistics and shipping services providers that include companies like Amazon, UPS, FedEx, and UPS Express.
The ports of France, Germany and Italy have a combined fleet of more that 50,000 ships.
Microsoft has a focus on helping customers deliver products to their customers, including its Surface devices, Surface Book tablets, Xbox consoles, and more.
The Microsoft acquisition will help Microsoft grow its business of delivering services and products to its online and retail customers.
“Our focus is on helping our customers deliver the most cost-effective products and services, while delivering them in a manner that’s easy to understand and manage,” said Rajiv Shah, head of Windows Group for Microsoft.
“By acquiring Port, we are able to enhance our ability to deliver those services in a way that is easy to use and easy to integrate into our existing Windows 8 operating system and services.
This combination will help us expand our services offerings across the Windows platform and in Windows 10, making Microsoft a global leader in delivering services to businesses and customers around the world.”
Microsoft’s other acquisition to date is with Amazon.
The Redmond, Wash., company has been expanding its delivery services to the U., and the Microsoft-owned logistics group is one of its largest suppliers.
Port ships more than 1.5 million parcels to customers in the United States, Canada, and Mexico every day.
The ship to the United Arab Emirates, where Port is headquartered, has a daily haul of almost 4.5 billion pounds.