Maersk Divests Training and Safety Services Business to OpenGate Capital
Key Takeaways
- •A.P. Moller-Maersk has agreed to divest Maersk Training and its subsidiary Maersk H2S Safety Services to OpenGate Capital, with completion anticipated later this year pending regulatory approval.
- •Maersk Training has operated for more than 40 years, providing training, competency development, and safety services across the maritime, offshore energy, renewables, and logistics sectors.
- •The divestment is part of Maersk's broader strategy to focus on its core integrated container logistics operations, a transformation initiated in 2016.
- •OpenGate Capital, founded in 2005 and headquartered in New York, specializes in corporate carve-outs and has completed over 40 platform acquisitions across Europe and North America.
- •This transaction follows a series of Maersk divestments of non-core assets, including the 2023 sale of Maersk Supply Service for $685 million and the earlier departures of Maersk Tankers, Maersk Oil, and Maersk Drilling between 2017 and 2019.
A.P. Moller-Maersk has agreed to sell Maersk Training, along with its subsidiary Maersk H2S Safety Services, to OpenGate Capital, a US-based private equity firm. Financial terms of the transaction were not disclosed.
The deal remains subject to regulatory approvals and customary closing conditions, with completion anticipated later this year. Until closing, Maersk Training will continue to operate within the Danish shipping and logistics group, and no immediate changes are planned for employees, customers, or partners.
Maersk Training has been operating for more than four decades, delivering training, competency development, and safety services across the maritime, offshore energy, renewables, and logistics sectors. Its subsidiary, Maersk H2S Safety Services, specialises in gas detection and safety services for both offshore and onshore energy operations.
Maersk stated that the divestment aligns with the group's strategy of concentrating on its core logistics brands, placing the training business under an owner focused specifically on training, safety, and workforce competency services. The move is consistent with Maersk's multi-year transformation into an integrated container logistics company, a strategy articulated in 2016 when the group announced it would consolidate around transport and logistics while separating out its energy-related businesses.
OpenGate Capital, headquartered in New York with an additional office in Paris, specialises in acquiring and operating corporate carve-outs. Since its founding in 2005, the firm has completed more than 40 platform acquisitions across Europe and North America.
The transaction marks the latest in a series of Maersk divestments outside its core logistics operations. In 2023, Maersk sold Maersk Supply Service to A.P. Moller Holding for an enterprise value of $685 million, completing a separation of energy-related businesses that the group initiated in 2016. During that broader restructuring, Maersk Tankers, Maersk Oil, and Maersk Drilling all departed the group between 2017 and 2019.
Source: Splash247
