Copenhagen, 02 January 2023.
A.P. Moller - Maersk (Maersk) announces the completion of its acquisition of Martin Bencher Group, a Danish Project Logistics expert with premium 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. As such, Martin Bencher really is an excellent fit to Maersk and our integrator strategy." says Karsten Kildahl, Regional Managing Director in Europe of Maersk.
Martin Bencher is a renowned specialist within 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.
Martin Bencher's core capability is designing end-to-end project logistics solutions for global clients, and the company´s competitive strengths include deep industry expertise, a solid track record, long-term stakeholder relationships as well as a highly skilled organisation.
"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." says, Peter Thorsoe Jensen, CEO of Martin Bencher.
Martin Bencher Group is headquartered in Aarhus, Denmark and has a presence in key locations globally through 31 offices in 23 countries, with almost 170 employees.
About the transaction
The enterprise value of the transaction is approximately USD 61m on a post-IFRS16 basis as announced on 5 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.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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