Maersk Buys Danish Project Logistics Company for $61 Million
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A.P. Moller Maersk A/S agreed to by a Danish project logistic company as the transport giant spends some of its windfall from surging container rates to expand its land-based operations.
Maersk will pay $61 million in enterprise value for Martin Bencher Group, the Copenhagen-based company said in a statement on Friday. Maersk said it’s paying a multiple of 7.1 times estimated 2021 earnings before interest, tax, depreciation and amortization for the firm.