A.P. Moller – Maersk (Maersk) has completed the acquisition of the company ResQ for its subsidiary Maersk Training.
On 17 June, Maersk announced its intention to acquire ResQ, a leading supplier of services and expertise in safety training and emergency preparedness in Norway. The transaction was subject to regulatory review and approval, which now has been obtained.
Maersk Training and ResQ have a close relationship today with ResQ being the largest third-party service provider for Maersk Training in Norway. Since 2019, ResQ has been a subcontractor of Maersk Training delivering services to support Maersk Training’s global training management contracts.
The acquisition of ResQ provides a platform that will allow Maersk Training to service the offshore renewables industry in the North Sea and significantly increase its presence in Norway as well as further build its portfolio of training courses.
The enterprise value of the transaction on a post-IFRS 16 basis is approximately USD 26m (pre-IFS16 enterprise value of c. USD 14m) reflecting a pre-synergy EBITDA multiple of 5.3x based on adjusted 2021 EBITDA.
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On the other hand, Stian Rasmussen is the new center manager for ResQ in Stavanger. Stian started 01.06.21 and most of us in ResQ already know him very well as he has been an instructor with us since 2017
About Maersk Training
Maersk Training is an independent business unit under A.P. Moller – Maersk that specializes in the safety training industry. Maersk Training has more than 300 employees and supplies a variety of courses to Maersk and APM Terminals. Additionally, Maersk Training offers tailormade programs for customers. Maersk Training was established in 1978, to improve safety in the offshore industry. However, in recent years the company has been through a transformation, offering more courses in wind, maritime, and terminals.
Furthermore, Maersk H2S Safety Service – owned by Maersk Training – is providing H2S safety services and training globally with a permanent presence in Denmark, Australia, Brazil, Norway, Italy, UK, UAE, Congo, and Brunei employing 500 colleagues.
About ResQ
ResQ is a leading supplier of services and expertise in safety training and emergency preparedness in Norway. ResQ has five survival centers located strategically in Norway to cover the needs for training and offers more than 70-course titles, while the crisis management part consists of a full emergency response setup, which can be fully customized to the client’s needs and handle all aspects of an emergency. ResQ has 67 permanent employees and over 300 temporary resources spread across the country.
