Maersk completes divestment of Maersk Supply Service
May, 15, 2023 Posted by Gabriel MalheirosWeek 202323
Maersk has announced the completion of the divestment of Maersk Supply Service (MSS), a 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, which 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 MSS marks the completion of our previous decision to divest all energy related activities and focus on truly integrated logistics,” commented Peter Wikstrom, head of M&A and Strategic at A.P. Moller-Maersk.
He added, “At the same time, we are very pleased to see that MSS will be able to continue to further develop new solutions for the green energy transition under a new long-term ownership.”
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.
With the divestment of Maersk Supply Service the final divestment of the energy related activities will be completed.
Source: container-news
To read the original news report, please see: https://container-news.com/maersk-completes-divestment-of-maersk-supply-service/
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