Maersk announces new acquisitions! Strengthening project logistics service capacity

Maersk says that transportation can be complex for projects with complex components of special size that require specialized solutions. And Martin Bencher has a superior competency in project logistics for non-containerized shipments.

According to Maersk, Martin Bencher, founded in 1997 and headquartered in Aarhus, Denmark, with operations in key regions around the world, is an asset-light logistics provider focused on project logistics. It has 31 offices in 23 countries/regions and employs nearly 170 people. The company's core competency is to provide end-to-end project logistics solutions to customers worldwide. The company's competitive advantages include deep industry expertise, proven track record, long-term relationships with stakeholders and a highly skilled employee organization.

Project logistics is a specialized service in the global logistics industry. It combines traditional freight and transportation capabilities with the unique skills and competencies required for project planning, transportation engineering, procurement, health and safety, security, environmental and quality compliance, and contract and supplier management. It covers a combination of solution design, special cargo transportation and project management services, including detailed planning, coordination and sequencing of end-to-end transportation from supplier to destination, ensuring all cargoes converge and arrive on time.

Martin Bencher will be a great fit for Maersk and our integrator strategy, enhancing Maersk's ability to provide project logistics services to our global customers," noted Karsten Kildahl, Managing Director of Maersk Europe. When Martin Bencher joins Maersk, we will be able to offer project logistics services that are highly reliable, with a proven track record and a strong focus on health, safety, security and environment (HSSE). In addition to supporting the project logistics needs of our existing customers, we will be able to provide a more comprehensive service to a wider range of industry customers."

In addition to the acquisition of Martin Bencher, Maersk has also launched a new offering - Maersk Project Logistics (MPL). This will enhance Maersk's existing project logistics services, providing a specialized service to the global logistics industry.

Such services require transportation management capabilities and deep technical expertise in specific supply chain elements, such as handling oversized and special lift cargoes, conducting road surveys, arranging delivery schedules and equipping on-site unloading and assembly equipment.

Project logistics is not new to Maersk, which already has a competitive edge in Europe and North America. In order to further develop and provide more sophisticated products and services to customers, the existing operations will be integrated into one global offering, thus benefiting customers even more.

Maersk believes that a strong project logistics solution is a key factor in meeting the logistics needs of its customers. Industries requiring project logistics services include renewable energy, pulp and paper, power generation, mining, automotive, aid and relief, government contract logistics and industrial manufacturing.

The acquisition is subject to relevant regulatory approvals and will close upon receipt of such approvals (expected to be in late 2022 or the first quarter of 2023). Until the closing of the transaction, Maersk and Martin Bencher will remain two separate companies. Their businesses will continue to operate as usual, with no impact on employees, customers or suppliers.

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