A.P. Moeller-Maersk A/S have announced that they will be splitting their portfolio of businesses into two independent divisions; an integrated Transport & Logistics division and an Energy division.
The main growth focus of A.P. Møller – Mærsk A/S going forward will be delivering best in class transportation and logistics services as an integrated Transport & Logistics company. The focus will be placed on the comprised businesses of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry.
The Board of Directors expect that the oil and oil related businesses in A.P. Møller – Mærsk A/S will require different solutions for future development including separation of entities individually or in combination from A.P. Møller – Mærsk A/S in the form of joint-ventures, mergers or listing. Depending on market development and structural opportunities, the objective is to find solutions for the oil and oil related businesses within 24 months.
Chairman of the Board, Michael Pram Rasmussen says: “The industries in which we are operating are very different, and both face very different underlying fundamentals and competitive environments. Separating our transport and logistics businesses and our oil and oil related businesses into two independent divisions will enable both to focus on their respective markets. This will increase the strategic flexibility by enhancing synergies between businesses in Transport & Logistics, while ensuring the agility to pursue individual strategic solutions for the oil and oil related businesses”.
Chairman of A.P. Møller Holding A/S, Ane Mærsk Mc-Kinney Uggla mentioned that, “historically the Maersk activities’ strategy and structure have always undergone changes. And these changes will continue in order to stay agile. While we are rooted in shipping and energy, we must never become static in a dynamic world. We therefore welcome the new strategy and structure announced.”