A.P. Moller – Maersk has completed the acquisition of B2C Europe Holding. The deal, initially announced in August 2021, was finalized following regulatory approvals and represents a critical step in Maersk’s e-commerce logistics expansion in Europe. The strategic rationale for the acquisition is to "close the circle" around Maersk’s e-commerce logistics capabilities in Europe. By integrating B2C Europe’s asset-light delivery product and its extensive network of 100+ European carriers, Maersk can now offer its global customersn particularly those in North America and China, standardized Europe-wide last-mile rates through a single interface. This eliminates the complexity for international retailers of managing multiple local carrier relationships. The deal specifically strengthens Maersk’s "B2C Delivery" and "Returns" capabilities, providing the technical infrastructure to inject parcels directly into local networks.

B2C EUROPE, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 11.3x average currently observed in the Business Services sector.

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