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05 December 2020 The on-line newspaper devoted to the world of transports 01:04 GMT+1

July 6, 2020

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Maersk Group Buys Customs Shipper KGH Customs Services

The share capital will change hands for about 279 million dollars

The Danish shipowner group A.P. signed an agreement with the shareholders of the customs shipper Sweden's KGH Customs Services to acquire the entire capital company, which has 775 employees and is present in 12 European nations. 88% of KGH's capital is currently held by investment firm Bridgepoint Development Capital (BDC). The sale will be for 2.6 billion Danish kroner (279 million dollars). In conclusion KGH transaction will remain an independent company Danish group.

In 2019, KGH reported sales of approximately 890 million Swedish kroner (95.5 million U.S. dollars) and an operating margin 160 million Swedish kronor.

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