A. P. Moller – Maersk Completes Divestment Of Maersk Supply Service

A.P. Moller – Maersk (Maersk) announces the completion of its divestment of Maersk Supply Service (MSS), a leading provider of global offshore marine services and project solutions for the energy sector.

At closing, A.P. Moller Holding, the parent company of the A.P. Moller Group, will assume full ownership of MSS. 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 divestment of Maersk Supply Service marks the completion of our previous decision to divest all energy-related activities and focus on truly integrated logistics. At the same time, we are very pleased to see that Maersk Supply Service will be able to continue to further develop new solutions for the green energy transition under new long-term ownership,” says Peter Wikstrom, Head of M&A and Strategic Brands at A.P. Moller – Maersk.

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 divestment of Maersk Supply Service the final divestment of the energy-related activities will be completed.

About the transaction
The value of the transaction is USD 685m (enterprise value), reflecting an EV/EBITDA multiple of 27.4x based on EBITDA for the full-year 2022.

Press Release

A. P. Moller – Maersk Completes Divestment Of Maersk Supply Service appeared first on Marine Insight – The Maritime Industry Guide

Source: Maritime Shipping News