BASF Invests EUR5 Million in Dutch Logistics Startup
December 06 2017 - 3:55AM
Dow Jones News
By Nathan Allen
Germany's BASF SE (BAS.XE) said Wednesday that it will invest 5
million euros ($5.9 million) in Dutch logistics startup Ahrma
Holding BV.
Ahrma markets products that help companies track their goods
through the supply chain, including pallets equipped with
transponders that allow users to monitor position, location and
temperature.
The pallets, which are coated with a BASF polyurethane spray,
helped reduce waste and cut costs during a trial with the chemical
company's customers.
BASF didn't disclose the size of the stake it purchased.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
December 06, 2017 03:40 ET (08:40 GMT)
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