DOF Group ASA (DOF and together with its subsidiaries the DOF Group) has announced that it has entered into an agreement to acquire Maersk Supply Service A/S (MSS) to further enhance its position as a major integrated offshore services provider.
Through the newly incorporated subsidiary DOF Offshore Holding Denmark ApS, DOF will, on certain terms and conditions, acquire all the shares in Maersk Supply Service A/S from Maersk Supply Service Holding A/S (MSSH), a subsidiary of A.P. Møller Holding A/S (A.P. Moller Holding). The acquisition will be paid partly in cash and partly in new shares to be issued by DOF, representing a consideration of approximately USD 1.112 billion (as of close on 28.06.2024). After the issuance of the consideration shares, MSSH will hold 25% of the share capital in DOF. MSS will, at the time of completion of the transaction, own 22 high-quality subsea and AHTS vessels, following a carve-out of certain entities, vessels, assets, and liabilities.
The combined company, operating under the DOF Group name and brand, will be a leading offshore service provider with a comprehensive scale and a wide range of services across all continents in the offshore energy industries. DOF and MSS’ current operations are both strategically and geographically complementary, and future growth ambitions are strongly aligned. Leveraging the two global organizations’ strong capabilities and competencies will further enhance the combined company’s position as a major integrated offshore services provider. The combined company will be one of the largest oil services companies listed on the Oslo Stock Exchange.
