Maersk Billionaire Owner Buys Covid-19 Test Maker Unilabs (1)

AP Moller Holding A/S, which invests the wealth of the billionaire Maersk family, has agreed to buy Covid-19 test maker and diagnostics company Unilabs to expand into health care.

APM Holding, whose main asset is a controlling stake in shipping giant A.P. Moller-Maersk A/S, will pay an undisclosed sum to private equity firm Apax Partners, according to a statement on Friday.

Bloomberg News reported last month that a sale of Unilabs could fetch about $5 billion.

Robert Maersk Uggla

Photographer: Carsten Snejbjerg/Bloomberg

Unilabs, which employs 12,600 people and has annual revenue of about 2 billion euros ($2.3 billion), is currently investing in technology ...