Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Divestment Maersk Supply Service

Monday, March 20 2023

General – Divestment

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), 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.

The value of the transaction is USD 685m (enterprise value), reflecting an EV/EBITDA multiple of 27.4x based on EBITDA for full-year 2022. Until obtaining all required regulatory approvals and closing of the transaction, Maersk Supply Service will remain a subsidiary of A.P. Moller – Maersk A/S and run the business independently as usual.

Related posts:

  1. MSS awarded its largest solutions contract to-date in Búzios field
  2. Maersk Supply Service wins 3-year contract with Petrobras
  3. Maersk secures long-term contract extension in Taiwan with Seaway7

Filed Under: International News, Maersk Supply Service Tagged With: Maersk Supply Service

All rights reserved - 2025 cookies