AP Moller-Maersk has agreed to buy KGH Customs Services, a Sweden-based specialist in trade and customs management services in Europe.

The Danish giant will paying SEK 2.6bn ($279m) to acquire Gothenberg-based KGH on a cash and debt-free basis from private equity group Bridgepoint Development Capital.

Maersk said the acquisition would create "a solid platform" for growth in customs services in Europe.