Maersk has struck a $61million deal to acquire Danish project logistics company Martin Bencher Group.
With the acquisition of the end-to-end project logistics specialist, Maersk will bring a new product to market – Maersk Project Logistics.
“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… In addition to supporting our existing customers’ project logistics needs, we will also be able to provide a more comprehensive offering to a wide array of industries,” said Karsten Kildahl, Regional Managing Director in Europe of Maersk.
Martin Bencher Group’s 170-employee, 31-location operation will expand Maersk’s existing capabilities in the sector—currently focussed around Europe and North America—into a global offering under the Maersk Project Logistics banner.
Project logistics relates to the specialised transportation of cargoes, often oversized and requiring significant technical planning and co-ordination with specialist lifting equipment and route planning for extreme cargoes.
Maersk noted several industries reliant on project logistics including renewable energy, pulp and paper, power generation, mining, automotive, aid and relief, government contracted logistics and industrial manufacturing.
“We are thrilled to become an integral part of Maersk, which we see as an ideal fit for our people and clients. Clients requiring project logistics are aware of the constraints and challenges facing them and are seeking strategic partners with sufficient ambitions and strength to handle their entire global supply chain now and in the years to come.” said Peter Thorsoe Jensen, CEO of Martin Bencher.
The deal remains subject to regulatory approvals.
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