The acquisition of the project logistics specialist Martin Bencher Group by A. P. Moller – Maersk has been successfully completed.

January 3, 2023

Copenhagen: A.P. Moller – Maersk (Maersk) today announced that the acquisition of Martin Bencher Group, a Danish project logistics specialist with top-tier abilities in non-containerized project logistics and international operations, was successfully completed.

Martin Bencher joins Maersk today, and I couldn’t be happier. Martin Bencher’s hiring strengthens our ability to provide project logistics services to our international clients while expanding our offering to a variety of industries. Martin Bencher thus perfectly complements Maersk and our integrator strategy.

Regional Managing Director for Maersk in Europe, Karsten Kildahl

Martin Bencher is an esteemed expert in project logistics services with a reputation for dependability, a successful track record, and a commitment to HSS&E (HSSE). Martin Bencher is a project-focused, asset-light logistics provider that was established in 1997.

Designing end-to-end project logistics solutions for international clients is Martin Bencher’s primary competency. The company’s competitive strengths include deep industry knowledge, a proven track record, enduring stakeholder relationships, and a highly skilled organisation.

We are eager to become an essential component of Maersk. Our businesses are so complementary to one another that we anticipate a smooth transition for both our coworkers and customers. Together, we can reach our full potential and provide the size, dedication, and skills needed to handle the full scope of logistics work for clients all over the world.

Martin Bencher CEO Peter Thorsoe Jensen

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.

About Martin Bencher Group

Martin Bencher is a professional Project specialist with a global footprint, focusing on innovative, technical solutions in order to move oversized freight to destinations all over the world. The company transports cargo from various industries and specialise in the handling of project cargo – everything from Renewables to Paper Mills and Power Plants, as well as Oil and Gas projects.

About A.P. Moller – Maersk

A.P. Moller – Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global logistics leader, the company operates in more than 130 countries and employs over 100,000 people world-wide. Maersk is aiming to reach net zero emissions by 2040 across the entire business with new technologies, new vessels, and green fuels.

For further information, please contact:

Christian Kjærgaard-Winther - Senior Press Officer
Christian Kjærgaard-Winther
Senior Press Officer
+45 314 496 17