Maersk buys Swedish logistics company

Maersk Group acquires a Swedish logistics company for a triple-digit million-dollar figure.

Photo: Stine Rasmussen/JPA

Maersk strengthens its logistics business in a transaction that totals a triple-digit million-dollar figure.

The company acquires Swedish logistics company KGH Customs Service, KGH, for USD 279 million in a cash transaction, according to a statement Monday. The acquisition is subject to approval by relevant authorities.

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