AP Moller – Maersk to diversify into Transport & Logistics and Energy divisions
Sept 26, 2016: To enable the new strategic direction, the Board of Directors of AP Moller – Maersk has decided to reorganise company’s portfolio of businesses into two independent divisions; an integrated Transport & Logistics division and an Energy division. This will ensure focus on driving synergies and developing new products and services in Transport & Logistics as well as focus on separately developing structured solutions for our oil and oil related businesses.
AP Moller – Maersk will become an integrated transport and logistics company with digitalised and individualised customer solutions. Oil and oil related businesses, either individually or in combination, to be separated from AP Moller – Maersk. Maersk Oil will focus on optimising and strengthening its strong position in the Danish, British and Norwegian parts of the North Sea.
As announced on June 23, 2016, the Board of Directors has tasked the management of AP Moller – Maersk to perform a review focusing on the strategic and structural options for the Maersk Group with the objective of generating growth, increasing agilities and synergies and unlocking and maximising shareholder value with the long-term view.
The main growth focus of AP Moller – Maersk going forward will be delivering best in class transportation and logistics services as an integrated Transport & Logistics company. Building on the Group’s unique position within container transport and port operations, and significant position in supply chain management and freight forwarding, Transport and Logistics will leverage its leading position through new product offerings, digitalised services and individualised customer solutions.
Transport & Logistics will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry based on a one company structure with multiple brands. The mission of these businesses is to enable and facilitate global supply chains and provide opportunities for our customers to trade globally.
Energy will consist of Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers. Long-term growth in energy demand and sharp reductions in investments in the global E&P industry in recent years, leading to an expected reduction in oil supply in the coming years provide opportunities to grow Maersk Oil based on the company’s key technical competencies.
Soren Skou, Group CEO, AP Moller – Maersk, said, “Both Energy and Transport & Logistics have strategies positioning them for growth and strategic agility. Transport & Logistics will be able to provide new and digitised world-class solutions for customers, while at the same time capture functional cost synergies and better utilization of existing assets. Energy is well positioned to leverage Maersk Oil´s expertise and gain scale in select geographies, particularly in the North Sea. Its structural agility will enable management to pursue new and different structural solutions and investment.”
