A.P. Moller - Maersk to acquire KGH Customs Services from Bridgepoint Development Capital for $279m.

A.P. Moller - Maersk, a Danish integrated shipping company, agreed to acquire KGH Customs Services, a European provider of customs and trade solutions, from private equity fund Bridgepoint Development Capital for $279m. "With Maersk, we will have a long-term home with a company that share our values. By joining forces, we will be able to continue to build on the great success our teams have achieved, and at the same time play a key role in a combined entity providing a range of different services within the transportation and logistics industry. Customs services is an essential part of our customers’ end-to-end needs which we in unison with Maersk will be able to provide with seamlessness and global reach," Lars Börjesson, KGH Customs Services CEO.