COPENHAGEN, Denmark — A.P. Moller - Maersk (Maersk) has reached an agreement with A.P. Moller Holding, parent company of the A.P. Moller Group, on the sale of Maersk Supply Service for $685 million.
In 2016 Maersk formed a new strategy based on integrated logistics and separation of its energy-related activities. This led to divestments of Maersk Oil & Gas and Maersk Drilling over the next three years.
The intended sale of Maersk Supply Service represents that the final withdrawal from energy-related activities will be completed.
A.P. Moller Holding CFO Martin Larsen said, “The capabilities and vessels Maersk Supply Service have built over more than 50 years supporting the oil and gas energy industry are much needed within offshore renewable energy, especially in the wind industry. 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.”
Maersk Supply Service will continue trading under its current name. The transaction is said to includes a pioneering wind installation vessel.