KGH Customs Services (“KGH” or the “Company”), a leading provider of trade and customs management in Europe, is proud to announce that it will join forces with A.P. Moller – Maersk, a global integrated container logistics company, to further enhance customs capabilities as part of A.P. Moller – Maersk’s supply chain solutions, including end-to-end offerings.
A.P. Moller – Maersk has reached an agreement with the shareholders of KGH to acquire 100% of the Company. Under the new ownership, KGH will together with A.P Moller – Maersk continue to build on their extensive experience and customs competency to create efficient and seamless trade flows and solve pain points for their customers.
Headquartered in Gothenburg, KGH is the leading independent customs services provider employing 770 dedicated trade and customs professionals serving over 25,000 customers each year. Through a wide range of customs services, the Company helps to improve trade performance, operational efficiency, risk management and customs duty control.
In recent years, KGH has expanded its geographic footprint and now operates in 12 countries across Europe. The Company has also made significant investments in its digital transformation and developed a comprehensive and industry-leading customs software platform.
“We are excited about joining forces with Maersk, a company that shares our values and passion for trade and logistics. Together, we will continue to build on the great success our teams have achieved to-date. Customs services is an essential part of trade customers’ end-to-end needs which we in unison with Maersk will be able to provide with seamlessness and global reach. The combination is an exciting next step for our customers, our employees and other stakeholders” said Lars Börjesson, CEO at KGH.
During Bridgepoint Development Capital’s ownership of KGH, the Company has delivered strong profitable growth, expanded its footprint across Europe and developed an industry-leading customs software platform. Johan Dahlfors, Partner at BDC comments: “We have had the pleasure to partner with KGH for over six years, and the progress achieved by the team during our ownership has been outstanding. We believe KGH is uniquely positioned to continue to deliver on its strategic growth agenda and that Maersk will be an excellent future partner for the Company. We look forward to continuing to follow KGH’s development”.
The transaction is subject to customary regulatory approvals. Until obtaining required regulatory approvals and closing of the transaction, A.P. Moller – Maersk and KGH will remain two separate companies.
For further information, please contact Lars Börjesson, CEO KGH Customs Services at email@example.com.