DOF Group has announced the completion of its acquisition of Maersk Supply Service, and the company will now be known as DOF Denmark. The transaction is valued at approximately $1.1 billion, consisting of a mix of cash and shares, allowing DOF to expand its fleet to 78 OSVs. It’s important to note that Maersk’s operations in Brazil are not included in this transaction, nor are Maersk Offshore Wind operations involved in the deal.
“DOF name and brand remain, MSS fades away. Makes sense. A.P. Moller Holding has evolved to become an industrial investor leveraging from the position its A.P. Moller – Maersk different operating companies built throughout decades. DOF on the other hand is the right vehicle to raise the equity and debt facility to enable the transaction. A.P.Moller to nominate two additional members to the board (vice-chairman and member of the remuneration committee) and the chairman of the nomination committee. Complex deal. Nice move. Good for both. Good for the industry”, said Alexandre Vilela, CEO of WSB Advisors.
