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• Deal will help Maersk to venture into large-scale project logistics
Denmark-based shipping giant A.P. Moller-Maersk on Friday said it had agreed to buy logistics company Martin Bencher Group for $61 million.
"Martin Bencher will be an excellent fit to Maersk and our integrator strategy, strengthening our ability to provide project logistics services to our global clients," said Maersk's Regional Managing Director in Europe, Karsten Kildahl.
Headquartered in Aarhus, Denmark, Martin Bencher operates in 23 countries with 170 employees and specialises in moving oversized cargo.
The deal is subject to regulatory approvals, Maersk said.
Picture Credit: Maersk