Maersk to acquire Denmark-based logistics firm Martin Bencher Group By Reuters

Maersk to acquire Denmark-based logistics firm Martin Bencher Group

Stock Markets Aug 05, 2022 02:25AM ET

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Maersk to acquire Denmark-based logistics firm Martin Bencher Group

COPENHAGEN (Reuters) - Shipping group A.P. Moller-Maersk said on Friday it had agreed to buy Danish logistics company Martin Bencher Group in a deal valued at $61 million.

"Martin Bencher will be an excellent fit to Maersk and our integrator strategy, strengthening our ability to provide project logistics services to our global clients," said Maersk's Regional Managing Director in Europe, Karsten Kildahl.

Headquartered in Aarhus, Denmark, Martin Bencher operates in 23 countries with 170 employees and specialises in moving oversized cargo.

The deal is subject to regulatory approvals, Maersk said.

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Comments (1)

Rcd72 Aug 05, 2022 2:28AM ET

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if someone cares ...about inflation,( shipping cost! contribute) will have to address the current world lack of competition between shipping lines due to the successive merges , that led the current PRICE FIXING RATES!!!!

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