Maersk completes acquisition of Martin Bencher Group

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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-containerized 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 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 specializes 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 the full-year 2021.

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Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

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