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Maersk will double its North American warehousing and distribution capacity with the acquisition of US firm Performance Team in a deal valued at $545m – a figure that includes some $225m of warehouse lease liabilities.
The takeover will see Maersk’s North American warehouse portfolio leap from 22 sites with a combined area of 563,000 sq metres to 46 sites and 1.36m sq metres.
Last year, California-based Performance Team turned over $525m, with adjusted ebitda of $90m, offering end-to-end supply chain solutions across ...
Comment on this article
Andreas Koût
February 21, 2020 at 3:05 pmWell, if you aware of the start of the talks and when materialized this is +1 year and
some months , if you tehn goon the transaction sum -assets leased and liabilities out of these you are coming to a Multiply of +10 .
In no case a cheap acquisition ,looks out the pressure for showing something up in the US was high enough to put this amount on the table
regards
A.KOut