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Maersk's Another New Acquisition! Targeting Large Ports and Logistics Companies


The Maersk family's investment arm, A.P. Moller Capital, has received final approval for the acquisition of a 51% stake in the large Spanish port and logistics company Bergé Logistics.

A.P. Moller Capital and Bergé Logistics have now officially established a partnership aimed at promoting the development of port operators BERGÉ in the Iberian Peninsula and Latin America. With this acquisition, the Maersk family has secured a solid foothold in this company, which has a broad business scope covering maritime and air transport services and operates in 27 ports across Spain. Additionally, Bergé Logistics also has operations in Mexico.
 

Following approval from Spanish port and competition authorities last July, A.P. Moller Capital has now officially taken a stake in the port operator BERGÉ. According to the agreement signed with Bergé Logistics last February, A.P. Moller Capital holds 51% of BERGÉ's shares.

Thus, the strategic alliance between Bergé Logistics and A.P. Moller Capital has been formally established. This alliance will help BERGÉ accelerate its organic and inorganic growth plans, further consolidating its market position in the multipurpose port sector in the Iberian Peninsula and Latin America. The transaction fully integrates and leverages the professional strengths of both shareholders in the industry and financial sectors.

According to the Spanish media outlet El Mercantil, under the newly reached agreement, from A.P. Moller Capital, Joe Nielsen will serve as the non-executive chairman of BERGÉ, Jaime Gorbeña of Bergé Logistics will act as the non-executive vice chairman, and Juan Aguirre will continue to serve as the company's CEO.


 

Joe Nielsen stated: "We have recognized Bergé Logistics as a solid platform with great potential to continue leading the transformation of the port industry in the Iberian Peninsula and Latin America. Our investment reflects our confidence in the company's robust business model, corporate culture, and its long-term ability to create sustainable value."

Jaime Gorbeña, Chairman of Bergé Logistics, said: "With the approval from the relevant authorities, BERGÉ officially embarks on a new chapter in its history. This important milestone not only strongly consolidates the company's heritage of over 150 years but will also help the company thrive in today's and future markets. Innovation, sustainability, and excellent service will be key factors for the company to stand out."

  Both parties reiterated their firm commitment to BERGÉ's long-term development and agreed to make significant investments to strengthen BERGÉ's leadership in port and logistics infrastructure, thereby meeting the growing demands of the industry.

When the deal was announced in February this year, El Mercantil cited sources saying that new investments of 300 to 500 million euros might be made after the acquisition. However, the parties have not disclosed the specific price of the acquired shares.

It is worth mentioning that just last week, A.P. Moller Capital announced a joint investment with Vietnam's VinaCapital in the Hanoi ALS freight terminal (ALSC) and established a strategic partnership with them.