Maersk completes acquisition of Martin Bencher Group

posted on 4th January 2023 by Eddie Saunders
Maersk completes acquisition of Martin Bencher Group

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,” Karsten Kildahl Regional Managing Director in Europe of 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.”

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,” Peter Thorsoe Jensen CEO of Martin Bencher.

“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.”

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.