A.P Moller Holding A/S acquires Maersk Tankers A/S and secures a strategic partnership with Mitsui & Co

Posted by Daily Shipping Times on 25-09-2017        Tweet

COPENHAGEN: A.P. Moller Holding A/S (A.P. Moller Holding) acquires Maersk Tankers A/S (Maersk Tankers) for USD 1,171 mill in an all cash transaction plus an agreed contingent payment reflecting a positive market development. Maersk Tankers has been part of A.P. Moller – Maersk since 1928 and is one of the largest product tanker companies in the world, transporting refined oil products globally and employing 3,100 people. The company will continue trading as “Maersk Tankers” and using the A.P. Moller – Maersk’s seven-pointed star-logo as part of its brand.

“Maersk Tankers has over the last century built a great company. With this acquisition, A.P. Moller Holding aspires to remain an engaged owner and contributor to Maersk Tankers’ future development as an industry leading platform for own and third-party vessels,” says Robert Uggla, CEO, A.P. Moller Holding.

He continues: “The transaction also enables A.P. Moller – Maersk to progress further in becoming a more focused and agile transport and logistics company.” A.P. Moller Holding was established to be an owner of the Maersk activities and Danske Bank, and to develop and invest in new businesses in the spirit of A.P. Møller.