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Here’s What Maersk Gains From its Latest Acquisition

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Container shipping and logistics company A.P. Moller-Maersk has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services, a Sweden-based specialist in trade and customs management services in Europe. Maersk will acquire KGH for $279 million on a cash and debt-free basis equivalent to a multiple of 16.3 times 2019 EBITDA before synergies,…

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