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Tuesday, June 25, 2024

Maersk to divest Maersk Supply Service

A.P. Moller – Maersk has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service (MSS), a leading provider of global offshore marine services and project solutions for the energy sector.

In 2016, Maersk adopted its new strategy around integrated logistics and a separation of the existing energy related activities was initiated. Maersk Tankers, Maersk Oil & Gas and Maersk Drilling were divested in the period 2017-2019. Today with the intended sale of Maersk Supply Service the final divestment of the energy related activities will be completed.

Maersk Supply Service will continue trading under its current name and will be using the Maersk seven-pointed star logo as part of its brand.

The transaction includes a pioneering wind installation vessel, which when finalized will establish Maersk Supply Service as a leading offshore wind contractor.

As the transaction is between related parties, a fairness opinion has been obtained from DNB Bank ASA. The fairness opinion confirms that the transaction value is fair from a financial point of view.

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