Key Takeaways
- • OpenGate Capital has completed its acquisition of Maersk Training and its subsidiary Maersk H2S Safety Services, carved out from A.P. Møller – Mærsk; terms were not disclosed.
- • Maersk Training provides safety training to workers in the energy, maritime and renewables sectors through instructor-led, digital and virtual reality courses, and operates 22 training centers.
- • Maersk H2S Safety Services supplies outsourced hydrogen sulphide and health, safety and environment (HSE) services at high-risk sites, with demand driven by regulation and corporate safety standards.
- • OpenGate CEO Andrew Nikou cites growth opportunities in the Middle East and South America and an intent to broaden the company's services and end markets.
Summary
OpenGate Capital has completed its acquisition of Maersk Training and its subsidiary, Maersk H2S Safety Services, in a carve-out from A.P. Møller – Mærsk, the listed integrated logistics company. Terms of the transaction were not disclosed.
Maersk Training, founded in 1978 and headquartered in Svendborg, Denmark, teaches workers in the energy, maritime and renewables industries how to work safely. Its courses are delivered through instructor-led, digital and virtual reality formats, and the company runs 22 training centers. David Skov is chief executive. Its subsidiary, Maersk H2S Safety Services, provides outsourced hydrogen sulphide and health, safety and environment services at high-risk industrial sites. According to the source, demand for both businesses is driven by regulation and corporate safety standards.
OpenGate Capital, based in New York and Paris, has completed more than 40 platform acquisitions across Europe and North America since 2005. Andrew Nikou, CEO of OpenGate, said the firm sees room to expand the business in high-growth regions such as the Middle East and South America, and to broaden the company's services and end markets.
The transaction marks a separation of the training and safety services unit from its former parent, A.P. Møller – Mærsk, and transfers ownership to a private equity-style platform investor with an established record of buy-and-build strategies.
Maersk Training, founded in 1978 and headquartered in Svendborg, Denmark, teaches workers in the energy, maritime and renewables industries how to work safely. Its courses are delivered through instructor-led, digital and virtual reality formats, and the company runs 22 training centers. David Skov is chief executive. Its subsidiary, Maersk H2S Safety Services, provides outsourced hydrogen sulphide and health, safety and environment services at high-risk industrial sites. According to the source, demand for both businesses is driven by regulation and corporate safety standards.
OpenGate Capital, based in New York and Paris, has completed more than 40 platform acquisitions across Europe and North America since 2005. Andrew Nikou, CEO of OpenGate, said the firm sees room to expand the business in high-growth regions such as the Middle East and South America, and to broaden the company's services and end markets.
The transaction marks a separation of the training and safety services unit from its former parent, A.P. Møller – Mærsk, and transfers ownership to a private equity-style platform investor with an established record of buy-and-build strategies.
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