A.P. Moller - Maersk (Maersk) has announced the completion of its acquisition of Martin Bencher Group, a Danish Project Logistics company with capabilities within non-containerised project logistics and global operations.
"I am thrilled to welcome Martin Bencher to Maersk. With the addition of Martin Bencher, we are strengthening our ability to offer project logistics services to our global clients while providing a more comprehensive offering to a wide array of industries," said Karsten Kildahl, regional managing director in Europe of Maersk, adding that Martin Bencher is an "excellent fit" to Maersk and our integrator strategy.
Maersk noted that Martin Bencher is a major player in project logistics services with a high degree of reliability, a proven track record, and a strong focus on Health, Safety, Security and Environment (HSSE).
Martin Bencher was founded in 1997 and is an asset-light logistics provider that specialises in project logistics. Its core capability is designing end-to-end project logistics solutions for global clients. The company's competitive strengths include deep industry expertise, a solid track record, and long-term stakeholder relationships.
"We look forward to becoming an integral part of Maersk. Our companies complement each other in so many ways that we expect a seamless transition experience for both our colleagues and clients," said Peter Thorsoe Jensen, CEO of Martin Bencher.
"Together, we can attain our full potential and will bring the scale, commitment, and capabilities to handle the entire logistics scope of work for clients around the world."
Martin Bencher Group is headquartered in Aarhus, Denmark and has a presence in key locations globally through 31 offices in 23 countries.
Maersk said the enterprise value of the transaction is approximately US$61 million on a post-IFRS16 basis, as announced on August 5, 2022, assuming an unchanged foreign exchange rate.
The enterprise value reflects an EV/EBITDA multiple of 7.1 based on estimated post-IFRS16 EBITDA for the full-year 2021.
