Maersk acquires Project Logistics specialist Martin Bencher Group

martin bencher

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.

Karsten Kildahl, Regional Managing Director in Europe of Maersk, commented, “I am thrilled to welcome Martin Bencher to 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 various industries. As such, Martin Bencher is an excellent fit for 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 specialising 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. Our companies complement each other in so many ways that we expect a seamless transition experience for 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,” said Peter Thorsoe Jensen, CEO of Martin Bencher.

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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Ryan Finn
Ryan is the Digital Marketing and Content Creation Manager for Trade and Logistics Siam Ltd. He provides a creative flair to the team and his resourcefulness helps to bring an imaginative improvement to both literary archetypes and online content production. A writer by day and a rider by night, when he's not composing the latest logistics news update or creating compelling copy for our clients, Ryan spends his free time travelling Thailand by motorbike.