Key Takeaways
- • OpenGate Capital, a global private equity firm headquartered in New York and Paris, has completed its acquisition of Maersk Training and its subsidiary Maersk H2S Safety Services, according to a Business Wire announcement.
- • Maersk Training is being carved out of A.P. Møller - Mærsk A/S (MAERSK A:CPH), the Copenhagen-listed integrated logistics company; financial terms of the transaction were not disclosed.
- • Maersk Training, headquartered in Svendborg, Denmark, provides safety training and gas-safety services, including outsourced hydrogen sulfide (H2S) monitoring and HSE services for high-risk operating environments.
- • OpenGate CEO Andrew Nikou cited opportunities to expand into the Middle East and South America and to broaden the service offering and end markets.
- • The business is described by the company as benefiting from regulation-driven, stable demand and long-standing relationships with major global energy companies.
Summary
OpenGate Capital ("OpenGate"), a global private equity firm, announced that it has completed its acquisition of Maersk Training and its subsidiary Maersk H2S Safety Services, according to a Business Wire release datelined New York and Paris. The business is being separated from A.P. Møller - Mærsk A/S (MAERSK A:CPH), the publicly listed integrated logistics group. The purchase terms were not disclosed.
Maersk Training, headquartered in Svendborg, Denmark, is described by the company as a leading global provider of safety services and training. Through Maersk H2S Safety Services, it offers outsourced hydrogen sulfide and health, safety and environment services for clients operating in high-risk environments, including on-site monitoring, control and maintenance of safety equipment. The company also delivers safety training, competence development and simulations using trainer-led, digital and virtual-reality learning methods across the energy, shipping and renewable energy sectors. According to the release, demand is underpinned by regulatory requirements and internal safety standards, and the company has long-standing relationships with many of the world's leading energy companies.
OpenGate CEO Andrew Nikou said the firm sees opportunities to expand in growth regions including the Middle East and South America, broaden the company's service offering and end markets, and apply OpenGate's operational expertise to support growth. David Skov, CEO of Maersk Training, said the business would carry its Maersk heritage and quality standards into its next chapter, with a continued focus on customers, employees and service reliability. OpenGate, which has been building and transforming companies since 2005, says it has completed more than 40 platform acquisitions in North America and Europe.
Maersk Training, headquartered in Svendborg, Denmark, is described by the company as a leading global provider of safety services and training. Through Maersk H2S Safety Services, it offers outsourced hydrogen sulfide and health, safety and environment services for clients operating in high-risk environments, including on-site monitoring, control and maintenance of safety equipment. The company also delivers safety training, competence development and simulations using trainer-led, digital and virtual-reality learning methods across the energy, shipping and renewable energy sectors. According to the release, demand is underpinned by regulatory requirements and internal safety standards, and the company has long-standing relationships with many of the world's leading energy companies.
OpenGate CEO Andrew Nikou said the firm sees opportunities to expand in growth regions including the Middle East and South America, broaden the company's service offering and end markets, and apply OpenGate's operational expertise to support growth. David Skov, CEO of Maersk Training, said the business would carry its Maersk heritage and quality standards into its next chapter, with a continued focus on customers, employees and service reliability. OpenGate, which has been building and transforming companies since 2005, says it has completed more than 40 platform acquisitions in North America and Europe.
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