Maersk sell off its stake in lifeboat manufacturer Nadiro
Maersk at present aims to relieve itself from the non-core businesses activities to support its bottom line. As a result, the company sells its stake in lifeboat manufacturer Nadiro. Maersk and SH Group sold the company to Viking Life-Saving Equipment for an undisclosed sum.
The Denmark-based Nadiro, established in 2009, is into the manufacturing of lifeboat, rescue craft systems, developing and promoting its Drop-in-Ball technology that helps to ensure the safety of the crew members.
In recent past, Maersk has been selling some of its non-core businesses. Due to the decreasing oil prices, some sectors of the group in the second quarter has been hit. However, last week the company reported that they had a “satisfactory profit” of $1.1bn for the period. The group’s belief to attain the result of around $ 4bn remains unaltered.