Maersk buys Martin Bencher Group for US$61 million

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A.P. Moller – Maersk has today announced the acquisition of Martin Bencher Group, a Danish project logistics company which offers services within non-containerised global logistics operations.

Martin Bencher’s main function is to design end-to-end project logistics solutions for global clients.

The value of the transaction is approximately USD 61m on a post-IFRS16 basis as announced on 5th August 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 full-year 2021.

“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.

“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,” said Peter Thorsoe Jensen, CEO of Martin Bencher.

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