A.P. Moller – Maersk (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).
The final divestment of the energy related activities will be completed with the intended sale of MSS on 20 March.
The transaction includes a pioneering wind installation vessel which, when finalised, will establish MSS as a leading offshore wind contractor.
These divestments began in 2016 when the Danish giant 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 between 2017 and 2019.
“We are very pleased to see Maersk Supply Service will be able to continue to further develop new solutions for the green transition of the offshore sector under a new long-term ownership,” said Patrick Jany, CFO at Maersk.
Martin Larsen, CFO at A.P. Moller Holding, said: “As new owners, we will drive a transition of Maersk Supply Service to over time become a leading offshore marine company servicing the offshore wind industry.”
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MSS will continue trading under its current name and will be using the Maersk seven-pointed star logo as part of its brand.
As the transaction is between related parties, a fairness opinion has been obtained from Norwegian financial services company, DNB Bank ASA. The fairness opinion confirms that the transaction value is fair from a financial point of view.
In February, the company entered the next phase of its internal integration with freight forwarding company, Senator International.
As of 1 February, the Danish giant phased out Senator International and offered its products and services under its unified brand.