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Maersk increases revenue from customs clearance seven-fold with new acquisition

Maersk now buys its way to bigger revenue and more customs clearance expertise, which represents a key step in the ongoing transformation. The speed impresses analyst, while another says that Maersk is encroaching on its customers' territory.

Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix

Maersk's acquisition of Swedish customs clearance specialist KGH underlines the fact that the shipping group's transformation is going at full speed.

Rather than making small, cautious steps, CEO Søren Skou and Chairman Jim Snabe have loosened all ropes and are pushing ahead full throttle, says Nykredit Stock Analyst Ricky Steen Rasmussen following the announcement of the DKK 1.85 billion (USD 280.7 million) acquisition of KHG with close to 800 employees and headquarters in Gothenburg.

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