10 November 2021
Maersk Drilling announces agreement to merge with Noble
The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”) today announced that it has entered into a definitive agreement to combine with Noble Corporation (“Noble”) in a 50/50 primarily all-stock transaction. The combined company will be named Noble Corporation, and its shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen
“In 2016, A.P. Moller Holding instigated the restructuring of A.P. Moller - Maersk and the renewal of the A.P. Moller Group. As part of such restructuring, Maersk Drilling was demerged from A.P. Moller - Maersk with the objective to establish an independent company with a capable, focused Board and to actively participate in the required consolidation of a distressed drilling industry. The combination of Maersk Drilling and Noble creates a drilling company with a stronger customer proposition building on the companies’ extensive operational capabilities. The combined company will hold an industry leading balance sheet, significant cost synergies, a modern fleet and access to an international shareholder base.”
News from the A.P. Moller Group
Pernille Erenbjerg appointed Chair of KK Wind Solutions
Following the acquisition of Nissens Cooling Solutions, Pernille Erenbjerg has been appointed as the new Chair of KK Wind Solutions.
Maersk Tankers and Penfield Marine to create a tanker company with unique reach
Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo customers a wider range of services.
KK Wind Solutions to acquire Nissens Cooling Solutions
The acquisition will enable KK Wind Solutions to become a stronger supplier to the wind industry, with its two main product offerings as cooling systems and power conversion solutions, while strategically expanding into new markets