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08/2021

B2C EUROPE acquired by MAERSK (A.P. MOLLER - MAERSK)

NETHERLANDS Transport & Logistics / Freight Transport / Last Mile Delivery EV 50M - 150M EUR

Context

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 in 2017, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).

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Target

Founded in 2000, B2C Europe is a specialized logistics provider focusing on business-to-consumer (B2C) parcel delivery services with a primary expertise in cross-border e-commerce. The company operates an asset-light business model, utilizing technical integrations to collect parcels directly from customer warehouses and inject them into a network of over 100 connected last-mile carriers across Europe. Its value proposition centers on simplifying complex cross-border logistics through a single interface, offering services such as labeling, pick-ups, automated sorting, linehaul, and comprehensive returns logistics covering 35 European countries. Strategically, B2C Europe has established a strong operational presence in key e-commerce markets including the Netherlands, France, the United Kingdom, and Spain, while also maintaining offices in China to facilitate inbound trade. By providing retailers and brands with end-to-end visibility and flexible delivery options, the company enables its clients to scale their digital sales channels effectively across diverse European carrier networks.

Ent. Value

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Historical Financials (EUR)

Year
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2017
2016

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of B2C EUROPE by MAERSK (A.P. MOLLER - MAERSK) are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: maersk (a.p. moller - maersk)