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Maersk following new logistics acquisition: "We don't need anything too broad and big"

Maersk's ambition to expand its land-based businesses happens partly through acquisitions. But the shipping group will not buy anything "too broad and big," Vincent Clerc tells business daily Børsen following Monday's acquisition of Swedish customs clearance company.

Photo: PR/Maersk

With the acquisition of customs clearance firm KGH Customs Services for DKK 1.8 billion (USD 280.7 million), Maersk continues its ambition of expanding its land-based businesses.

The acquisition is also a good example of the fact that Maersk will not be making billion dollar acquisitions in its historical transformation from a conglomerate to an integrated transport and logistics company, Vincent Clerc, head of Ocean & Logistics at Maersk, to Danish business daily Børsen.

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