A.P. Moller – Maersk (Maersk) has announced the intended acquisition for its subsidiary Maersk Training of the Norwegian-based ResQ.
ResQ, a leading supplier of services and expertise in safety training and emergency preparedness, has five survival centres across Norway that cater to training.
The enterprise value of the transaction is approximately $26 million. Completion of the acquisition is subject to regulatory review and approval.
“ResQ is a well-managed business with renowned competencies within training services,” said David Skov, CEO of Maersk Training.
“As part of Maersk Training’s ambitions to become a leading training provider with end-to-end services across the North Sea region, we regard ResQ as a perfect fit, as it will significantly increase our presence in Norway and increase our portfolio of training courses.”
Both parties have shared a close relationship over the last few years as ResQ has been a subcontractor of Maersk Training, delivering services to support the subsidiary’s training management contracts.
Njål Arne Vathne, CEO of ResQ, added: “We are looking very much forward to becoming part of Maersk Training and believe combining our businesses will significantly strengthen our value proposition to customers.
“Together we can provide a full end-to-end offering and further evolve our crisis management services to digital platforms which will allow us to expand to other industries as well as to international customers.”
According to Maersk, Norway is a key hub for training services due to exposure to oil, gas, and maritime segments in the North Sea. Maersk Training is now looking into other sectors, including offshore renewable energy and financial services.
“There is a growing potential serving the offshore renewable energy industry in the North Sea, which is constantly evolving, not least with the recent North Sea Summit in Esbjerg where it was agreed to target 65 Gigawatt installed before 2030 and 150 Gigawatt installed by 2050,” continued Skov.
“Also, new advancements in technology will allow for larger wind farms to be built further offshore that use bigger and more powerful turbines than current models.”
Maersk also recently completed its acquisition of Hamburg-based freight forwarding company Senator International.
Under this takeover, Maersk will make use of the firm’s well-developed airfreight network, well-established full container load and less than container load network, and specialised services in packaging, warehousing, and distribution across five continents.
